Dogecoin is up 20% to 32 cents in the past 24 hours, CNBC repo | Free Cryptocurrency

Dogecoin is up 20% to 32 cents in the past 24 hours, CNBC reports citing data from Coin Metrics. The cryptocurrency was again helped by the founder of Tesla (NASDAQ: TSLA) Elon Musk, as well as another American billionaire Mark Cuban, who wrote posts on Twitter.
Musk simply tweeted "The Dogefather SNL May 8," which hinted at his appearance as a host on Saturday Night Live next week.

Mark Cuban, owner of the Dallas Mavericks basketball team, wrote several posts about the token this week. The billionaire entrepreneur and TV host said Monday that his NBA team is set to complete 6,000 Dogecoin transactions in April.

“Doge is the only coin that people actually use for transactions,” Cuban said when a user asked why he supported the coin. "People are spending their Doge, which means more businesses will start using it."
In addition, Dogecoin has attracted a following among retail traders using the Robinhood stock trading app, which also has a crypto feature. Fans of the token asked Robinhood to implement a feature that would allow them to withdraw their assets in various cryptocurrencies. Robinhood co-CEO Vlad Tenev said Tuesday that the company is working on such a feature.

Earlier this month, the meme-inspired cryptocurrency hit an all-time high above 45 cents, raising fears of a potential cryptocurrency bubble.
Originally created as a joke in 2013, dogecoin is now the sixth largest digital coin with a total market cap of nearly $ 42 billion, according to CoinGecko.

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