Motley Fool
Why Dogecoin Was Climbing Today
Dogecoin (CRYPTO: DOGE), the Shiba Inu-themed cryptocurrency, was climbing today, outpacing Bitcoin and Ethereum as Dogecoin bulls took advantage of the recent sell-off. The crypto coin’s price spiked overnight on heavy volume, potentially indicating a large purchase in China, as a significant portion of Dogecoin mining is done there and much of the currency is owned by just a few “whales,” or major players who control the market. As of 11:05 a.m. EDT, Dogecoin was up 5.5% over the last 24 hours in its highest-volume trading day since June.
