Dogecoin resumes rally, hits 117 satoshi, surpasses Nxt in market cap

Dogecoin (DOGE) has resumed its rally into a second month, adding as much as 67% from its previous floor of 70 satoshi. It hit 117 satoshi 36h ago and is now trading at 94 ($0.00037).

DOGE had been showing a bullish trend for the past week and a half, stubbornly holding onto earlier gains in a fashion typical for assets still in bull-mode.

DOGE had been trading at its highest Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term-denominated level since April. It has now surpassed Nxt in market cap rank, now in 5th, 3rd among mineable currencies. Its total valuation is currently $36 million.

DOGE has gained as much as 400% since flatly trading at 24 satoshi one month ago. In retrospect, that period was a critical one for DOGE trading. The coin had languished near all-time lows for several weeks, offering mixed signals of both a bottoming out and further declines into the oblivion of altcoin history.

Although a good part of the gains have been well-earned, one can't deny that such a multifold rise in so short a time makes DOGE ripe for a sizeable pullback, although the current behavior suggests that this will not be immediate.