SpaceX’s Musk helps Dogecoin rocket to 69c – crypto movers and shakers

Posted on May 5, 2021 by Jonathan Symcox

Crypto movers and shakers

Dogecoin has rocketed an astonishing 57% in value in 24 hours ahead of Elon Musk’s guest hosting of Saturday Night Live.

The SpaceX and Tesla entrepreneur is a famous backer of DOGE. After hinting that he will promote DOGE on SNL, analysts say his promotion of the coin is driving up its value.

Originally created as a joke – and based on a meme – DOGE now has a market capitalisation of $88.5 billion, having added more than $30bn in 24 hours and climbed 160% in value in a week.

‘Dogecoin is the new GameStop’ – are crypto investors going to get burned?

Another big mover is Litecoin. At the time of writing (7am), the altcoin and Bitcoin alternative is at $332, up 16% in 24 hours and 31% in a week.

The price of Ripple’s XRP coin has dropped almost 4% in 24 hours to $1.43, but remains up 5% on this time last week.

Bitcoin (BTC) is at $54,600 – down 2.6% in 24 hours and slightly up in the last seven days.

Ethereum (ETH), at $3,275, has dropped back 3.5% from yesterday but is up 25% on this time last Wednesday.

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To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For up-to-the-minute valuations of the top 100 coins by market cap, and the one-hour price change, see below. 

To see the Crypto Rich List, the world’s richest people in cryptocurrency, scroll down to the bottom of the page.

The Crypto Rich List: Who are the world’s richest people in cryptocurrency?

 

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