Top 5 Dogecoin Pumps Through the Decade

1. 2017 crypto boom

Dogecoin’s first major pump started around March 10, 2017, as a significant rise in retail investment started to pour into the crypto market for the first time, lifting all alternative coins, or altcoins. Over 70 days, the “joke” cryptocurrency rose by more than 1,890% from $0.00021 to a peak of $0.0042 on May 21. This shattered the previous all-time high of $0.0021 and sent the market cap soaring over $423 million. Shortly after, dogecoin (DOGE, -49.26%) slumped 75% during a two-week market pullback that affected all cryptocurrencies.

2. Bitcoin breaks $19,783, lifts dogecoin

By November of 2017, significant buying momentum had returned to the crypto market, with huge trading volumes driving bitcoin (BTC, -6.12%) to a height of $19,783. The global crypto market capitalization reached a staggering $830 billion and sent smaller-cap projects like dogecoin parabolic.

3. Crypto markets rebound

On April 14, 2018, just before the entire market entered “crypto winter” and crashed to former lows, a vast majority of crypto projects staged a brief recovery. In three days, dogecoin rose 103% from $0.0020 to $0.0041. For comparison, bitcoin only managed to secure a 40% rise within the same month.

4. Ethereum/Dogecoin bridge test

The first major dogecoin rally that was largely uncorrelated to the rest of the crypto market was in September 2018 when a system test of the Dogecoin/Ethereum bridge was completed.

5. WallStreetBets mania, Elon Musk tweet

On Jan. 11, 2021, the traditional financial markets were heavily disrupted by a subreddit group called the WallStreetBets (aka WSB). These amateur stock traders decided to unite against traditional financial institutions and pump a number of stocks that major hedge funds were betting on falling in value, such as GameStop, BlackBerry, AMC, Nokia and Bed Bath & Beyond.

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