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 slumped 75% during a two-week market pullback that affected all cryptocurrencies.
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