Dogecoin (DOGE) Up by 30% in 7 Days: Possible Reasons
Dogecoin (DOGEUSD), the largest meme cryptocurrency by market capitalization, had an incredibly successful week! ๐ As meme coins benefit most from the crypto market recovery, Dogecoin became the top performer among large-cap coins. TON-based meme cryptos are leading in the small-cap scene with gains of up to 70% overnight. ๐ฅ
Dogecoin adds 30% in a week, market cap surpasses $30 billion ๐ธ
Dogecoin (DOGEUSD), the first popular meme cryptocurrency, recorded an almost 30% price increase over the past seven days. The dog-themed crypto became the top performer in the top 30, with its market cap surpassing $30 billion. ๐ฐ Today, on November 9, 2024, the DOGE price reached $0.21605, the highest in more than seven months. ๐ถ
Dogecoin's price surged following the announcement of Dogecoin Holdings' acquisition by Spirit Blockchain Capital. ๐งโ๐ป This company is tasked with developing Web3 solutions based on the Dogecoin blockchain.
Although an early proof-of-work cryptocurrency, as a fork of Litecoin (LTC), Dogecoin lacks smart contract functionality, but this major step could significantly boost its adoption. ๐ก
In the top 100 cryptocurrencies, the meme coin segment is showing mixed trends. Neiro (NEIRO), the first-ever meme coin created by AI, added over 65% in one week. Its market cap exceeded $1 billion.
