Why Dogecoin Was Skyrocketing Last Week
Dogecoin (CRYPTO: DOGE) has been on a tear and scored huge valuation gains over the past week. The company's share price was up 35.1% over the past seven days of trading, as of 3 p.m. ET Sunday. Meanwhile, the price of Bitcoin had actually fallen 0.5% across the stretch, and Ethereum was up 25.3%.
Although pricing momentum for Bitcoin took a bit of a breather on the heels of a record high, the past week of trading has seen very strong bullish momentum for altcoins. Dogecoin's token saw massive gains thanks to the passage of crypto-related legislation in the U.S. House of Representatives and news that Bit Origin is making the meme coin central to its cryptocurrency treasury strategy.
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Source Fool.com
