Animal spirits seem to be still alive in the world of crypto assets (virtual currency).
According to data from Coin Market Cap.com, the cryptocurrency Dogecoin has risen by more than 40% at 9:50 am on the 4th of New York time, and has remained around 58 cents. With this rise, the market capitalization has risen to nearly 75 billion dollars (about 8.2 trillion yen). Ether, which has the second largest market capitalization after Bitcoin in cryptocurrencies, also rose 12%, hitting a record high.
Dogecoin, which was born from a joke in 2013, is often used in marketing strategies. Major League Baseball Oakland Athletics sold two seats for 100 Dogecoin this week.
Original title:Dogecoin Jumps 50% as Crypto Animal Spirits Kick Into High Gear（抜粋）