Even without a tweet from Tesla CEO Elon Musk, the cryptocurrency Dogecoin (DOGE) appreciated 20% in one day and even traded at $ 0.77 on Sunday morning (11), according to data from CoinMarketCap. The value is close to the historical maximum of the currency - US $ 0.082 -, registered on February 8 of this year. That day, Dogecoin's capitalization reached $ 10.7 billion. Today, it is $ 9.3 billion. Over the course of the morning, the currency lost some of the gain and, around noon, dropped to $ 0.072. The value, however, is still higher than that registered on Saturday (10), of US $ 0.062. Part of the currency's appreciation, which saw its price skyrocket almost 2,000% in one year, is still due to the frequent support of Musk, who since April 2019 has lived a 'love relationship' with the crypto. In the past few months, Tesla's CEO has said that Dogecoin could be his ‘favorite cryptocurrency’ and has advertised for it several times. A single tweet from Musk caused the digital asset to skyrocket 60% in just one day. In March, the currency also received its first update since 2019, which helped push the price. The community formed around Dogecoin has also contributed to its enhancement.
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