Dogecoin (DOGE) Up by 30% in 7 Days: Possible Reasons
Dogecoin (DOGEUSD), the largest meme cryptocurrency by market capitalization, had an incredibly successful week! 🚀 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. 🔥
Dogecoin adds 30% in a week, market cap surpasses $30 billion 💸
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. 💰 Today, on November 9, 2024, the DOGE price reached $0.21605, the highest in more than seven months. 🐶
Dogecoin's price surged following the announcement of Dogecoin Holdings' acquisition by Spirit Blockchain Capital. 🧑💻 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. 💡
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.
