Dogecoin vs SafeMoon: Latest price, stats and trading information – Is Dogecoin sinking? | City & Business | Finance

However, the currency has somewhat bounced back, at $0.320543 (£0.23 at the time of writing.

DOGE has seen a boost thanks to celebrity endorsement and social media campaigns, with SpaceX founder Elon Musk tweeting about the crypto to his more than 50 million followers.

Capital.com has released stats showing since the beginning of this week, more than 76 percent of all trades executed on Capital.com, high-growth trading and investing platform, were related to the cryptocurrency markets.

This is a significant jump from last month when just 43 percent of all trades were dedicated to cryptocurrency markets.