Dogecoin Is Trading 11% Higher Friday Morning After This Nasdaq-Listed Firm Added It To Its Treasury

Dogecoin (CRYPTO: DOGE) was trading higher early Friday morning after a Nasdaq-listed firm stated that it would establish a reserve of the dog-themed memecoin.

What happened: DOGE was up over 11% in the last 24 hours, with trading volume surging 64% to $5.56 billion. 

The coin soared above $0.24 for the first time in nearly five months. The latest uptick pushed its weekly gains to 20% and monthly gains to nearly 40%.

Widely followed cryptocurrency analyst and trader Ali Martinez said that given the meme coin has crossed the key $0.20 resistance, the “next key hurdle” lies at $0.36.

Full story available on Benzinga.com