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Why Dogecoin Is Soaring Today

TheMotleyFool

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The cryptocurrency Dogecoin (CRYPTO: DOGE) is moving higher today, up 4.2% in the last 24 hours as of 3:18 p.m. ET. The jump comes as the S 500 and Nasdaq Composite were relatively flat, while many cryptos trade higher.

Dogecoin is rising amid broad positive sentiment for crypto as a major crypto exchange had its initial public offering (IPO) today.

The Peter Thiel–backed crypto exchange Bullish made its public debut today at $37 per share, raising $1.1 billion. Shares quickly more than doubled, climbing to roughly $90 within hours. Bullish targets institutional clients and focuses on Bitcoin and Ethereum trading, but its blockbuster debut added to the upbeat tone, lifting altcoins across the board.

Source Fool.com

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