{"id":228331,"date":"2021-04-16T10:26:11","date_gmt":"2021-04-16T07:26:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dogecoin-doubles-in-a-day-as-ytd-gains-hit-5000-while-bitcoin-price-dips\/"},"modified":"2021-04-16T10:26:11","modified_gmt":"2021-04-16T07:26:11","slug":"dogecoin-doubles-in-a-day-as-ytd-gains-hit-5000-while-bitcoin-price-dips","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dogecoin-doubles-in-a-day-as-ytd-gains-hit-5000-while-bitcoin-price-dips\/","title":{"rendered":"# Dogecoin doubles in a day as YTD gains hit 5,000% while Bitcoin price dips"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bef08f3499\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bef08f3499\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dogecoin-doubles-in-a-day-as-ytd-gains-hit-5000-while-bitcoin-price-dips\/#DOGE_leaves_others_in_the_dust\" >DOGE leaves others in the dust<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/dogecoin-doubles-in-a-day-as-ytd-gains-hit-5000-while-bitcoin-price-dips\/#Turkey_passes_crypto_transaction_ban\" >Turkey passes crypto transaction ban<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Dogecoin doubles in a day as YTD gains hit 5,000% while Bitcoin price dips <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Dogecoin (DOGE), the meme-based altcoin which has become a favorite talking point of Elon Musk, has doubled in 24 hours to hit all-time highs of $0.29.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/0e8f4844-e5a9-440c-b50a-9182b02327d4.png\"><figcaption style=\"text-align: center;\"><em>DOGE\/USD 1-hour candle chart (Bittrex). Source: Tradingview<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"DOGE_leaves_others_in_the_dust\"><\/span>DOGE leaves others in the dust<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cointelegraph Markets Pro\u00a0and\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a>\u00a0showed DOGE\/USD outperforming other major cryptocurrencies by an order of magnitude on April 16.<\/p>\n<p>In what <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears an almost unbelievable move, Dogecoin has also become the eighth-largest cryptocurrency by market cap, surpassing Litecoin (LTC), Chainlink (LINK) and Uniswap (UNI) among others.<\/p>\n<p>At the time of writing, a single DOGE traded at around $0.25. Gains on any timeframe remained beyond impressive \u2014 80% on the day, 300% over the past week and year-to-date returns in excess of 5,000%.\u00a0<\/p>\n<p>Versus the same date one year ago, shortly after the pit of the brief 2020 bear market, Dogecoin is up 12,600%.<\/p>\n<p>Reacting, it appeared that even professional traders had been caught by surprise.<\/p>\n<p>&#8220;This is the first DOGE pump I have missed in years, but I still absolutely love to see it. Favorite asset of all time, changed my life in 2017. Happy for you guys who are in it, innit?&#8221; Scott Melker <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/scottmelker\/status\/1382850063291068418\">tweeted<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Turkey_passes_crypto_transaction_ban\"><\/span>Turkey passes crypto transaction ban<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As with altcoins more broadly, meanwhile, Doge&#8217;s historic reversal of fortune came at the expense of Bitcoin (BTC) on the day, with the largest cryptocurrency seeing a forecast retest of previous all-time highs around $61,000.<\/p>\n<p>Several tests of $61,000 support left the door open for further dips on Friday, bringing daily losses to around 2.8%.<\/p>\n<p>Bitcoin&#8217;s market cap dominance stood at 52.1%, also down noticeably in recent weeks as altcoins see their time in which some analysts believe will only reach a peak later this summer.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/cdc403d2-ad74-4b04-b0de-5a4e4bf408bd.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: Tradingview<\/em><\/figcaption><\/figure>\n<p>A ban on transactions by Turkey&#8217;s central bank was tipped to have fuelled the loss of upside momentum, this being done due to possible &#8220;irrepairable&#8221; side-effects to the country&#8217;s established fiat payment network.<\/p>\n<p>&#8220;It is considered that their use in payments may cause non-recoverable losses for the parties to the transactions due to the above-listed factors and they include elements that may undermine the confidence in methods and instruments used currently in payments,&#8221; Reuters <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/turkey-bans-use-cryptocurrencies-payments-sends-bitcoin-down-2021-04-16\/?taid=6079384b3f50910001b1c367\">quoted<\/a> a statement as saying.<\/p>\n<p>Also showing signs of a cooldown was Ether (ETH), which returned closer to $2,400 after seeing its own all-time highs above $2,500 the day before.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/dogecoin-doubles-in-a-day-as-ytd-gains-hit-5-000-while-bitcoin-price-dips\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Dogecoin doubles in a day as YTD gains hit 5,000% while Bitcoin price dips &#8221; Dogecoin (DOGE), the meme-based altcoin which has become a favorite talking point of Elon Musk, has doubled in 24 hours to hit all-time highs of $0.29. DOGE\/USD 1-hour candle chart (Bittrex). Source: Tradingview DOGE leaves others in the dust&#8230;<\/p>\n","protected":false},"author":1,"featured_media":228332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNjgwZGJlMWMtOGNiMy00MWQ5LTg1ZjktM2E4NDg4ODI1ZTAxLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74937,86883,73785],"class_list":["post-228331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-bitcoin-price","tag-dogecoin","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/228331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=228331"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/228331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/228332"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=228331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=228331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=228331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}