Dogecoin (DOGE) gained popularity much above then the cryptocurrency market, all thanks to its mascot and Twitter CEO pet owner, Elon Musk. DOGE is maintaining its presence in the $0.08 to $0.1 range. And few of the memecoin analysts expect it to cross the $0.1 border too. Meme token traders are taking actions to make it possible, which evidently results in a 75% surge in trading volume.
Great to see that the WSJ finally hired a cat to be their editor in chief. pic.twitter.com/mCcjFaZvSb
— Chris Bakke (@ChrisJBakke) April 13, 2023
The scientist cum business genius’ love for dogs and related cryptocurrency is well known to everyone since April 2019. Elon is more or less the sole reason for doge cryptos’ price spikes. A memecoin with very less utility has positioned itself among the top 10 cryptocurrencies only because of him.
Recent DOGE Hypes by Elon
DOGE began the April month with its symbol as the replacement for the Twitter blue bird, which didn’t last very long. But the three days’ time gathered a significant gain for the token. As that started to cool down, the emerald mine rumors came back to the surface. Elon made a public statement to offer 1 million DOGE to people who submit proof of the mine’s existence.
These are a few of the many examples of Elon’s push for DOGE price spike in a tweet or word-of-mouth. Some utility or application-based push is a collaboration with eToro, a multi-asset investment company. This will enable Twitter users to access stock and crypto on the micro-blogging site itself.
Currently, the DOGE’s trading price is $0.09006 with over a 6% surge in the last 24 hours. The trading volume has a major surge of crossing 70% than the previous day. The present volume is $1,042,670,668 and the market cap is above $12 billion.
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