Dogecoin Soars Another 8%, Re-Enters Crypto’s Top Ten

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2 years ago

In community: News update(17fa)

Topics: Altcoin, Cryptocurrencies, Blockchain, Bitcoin, Bitcoin Cash, ...

After Elon Musk bought Twitter, Dogecoin passed Solana on the cryptocurrency rankings.

Dogecoin’s rally continued on Friday as the premiere meme coin rose another 8% to $0.085.

This put the cryptocurrency back into the top ten digital assets by market cap.

According to CoinGecko, Dogecoin is now the 9th largest cryptocurrency, worth over $11.6 billion in total. The 10th largest is Solana, now worth $32 per unit and $11.5 billion in total.
Dogecoin is up 43% over the past 7 days, showing especially strong growth relative to its rallying competitors. Bitcoin has risen 8.5% within that timeframe, while rival meme coin Shiba Inu has gone up 19.7%.

Dogecoin is the favorite cryptocurrency of Elon Musk, who often tweets about the asset and speaks with its creator, Billy Markus. The coin has a tendency to react to Elon Musk-related news, such as when he began accepting it for payment at both Tesla and SpaceX.
Elon Musk bought Twitter this week, firing its executives and promising to put an end to spam bots on the platform. Crypto Twitter has been highly optimistic over the news.