th position in the crypto top 10 by market cap. DOGE is trading at $0,27 with 20.6% losses in the daily chart.
DOGE with heavy losses in the 24-hour chart. Source: DOGEUSDT Tradingview
DOGE reached an all-time high of $0,50 after a 500% pump. Chief Strategy Officer at CoinShares, Meltem Demiros, linked Dogecoin surge to the controversial subreddit r/WallStreetBets.
This group decided to lift its ban on crypto discussions. These were still limited to only Bitcoin, Ethereum, and DOGE.
However, the group decides to reinstate their ban in less than a day due to an article published by Bloomberg, as announced on their subreddit. With the title “WallStreetBets Bows to Crypto”, the article and moderator’s decision caused discomfort in that community.