Dogecoin (DOGE) and Maker (MKR) soars with altcoin market cap reaching $1T
While Bitcoin and Coinbase’s debut on the Nasdaq faded from the spotlight on Thursday, the whole altcoin market stepped up to carry the market up.
Dogecoin (DOGE) is on the spotlight right now with more than 100% rally at the time of publication that saw its price reach a new all-time high of $0.27.
Momentum for DOGE was kicked off further when one of cryptocurrency’s well-known proponents and “Technoking of Tesla” Elon Musk posted the tweeted relating to the Moon:
Doge Barking at the Moon pic.twitter.com/QFB81D7zOL— Elon Musk (@elonmusk) April 15, 2021
Another unpredicted yet remarkable altcoin performances was from Maker (MKR), which gained 43% on the day for a record high of $4,102 as its ecosystem stepping towards full decentralization, and Band Protocol (BAND), which rallied 38% to a new all-time high at $22.83 following the announcement of integration with Google Cloud to display real-time crypto price data.
Daily cryptocurrency market performance. Source: Coin360
The overall cryptocurrency market cap now stands at $2.19 trillion and subtracting Bitcoin’s dominance rate, it shows over $1 trillion for altcoin market cap.