The Romans referred to the dog days as diēs caniculārēs and associated the hot weather with the star Sirius. They considered Sirius to be the “Dog Star” because it is the brightest star in the constellation Canis Major (Large Dog).
Well today, as summer approaches, the brightest star in the crypto galaxy has got to be Dogecoin (DOGE). After being in decline for much of the last week, today the stars seemed to align as market traders put on their buying shoes causing the price to spike a whopping 20% in late day trading, according to coinmarketcap.com.
This summer’s trading season has lots of excitement in store as more consumers are becoming aware that bitcoin is not the only cryptocurrency. Couple that with the USD markets opening at Cryptsy, and soon many others coins will have reason to celebrate as the current fiat bottleneck begins to open.
Other coins seeing gains today include Goldcoin (GLD), up 10%, after announcing its new multi-coin client will debut in June, also up, Bitcoin (BTC), 5%, after news that Dish Network will soon be offering bitcoin as a payment method for its 14 million subscribers.
How much longer will it be before the price gap between Bitcoin and alternative coins begins to close? Which coins will rise to challenge Bitcoin? Log in below using your favorite social network and weigh in on the discussion.
