Dogecoin

2022 - 11 - 2

Post cover — Image courtesy of "Motley Fool Australia"

The Dogecoin price is up 125% in a week. What's going on? (Motley Fool Australia)

The Dogecoin (CRYPTO: DOGE) price has rocketed 125% in a week. Here's what's spurring crypto investor interest in the meme token.

[volatility](https://www.fool.com.au/definitions/volatility/). Over the past month alone, the Dogecoin price has traded as low as 5.6 US cents and as high as 15.7 US cents. [market cap](https://www.fool.com.au/definitions/market-capitalisation/) of US$18.95 billion, making it the eighth biggest coin in virtual circulation. [CRYPTO: BTC](https://www.fool.com.au/tickers/crypto-btc/)) price has gained 2% over the week and the S&P/ASX 200 Index (ASX: XJO) is up 3% since last Wednesday’s closing bell. [CRYPTO: DOGE](https://www.fool.com.au/tickers/crypto-doge/)) price is going nuts. [crypto](https://www.fool.com.au/definitions/cryptocurrency/), originally created as a joke, up 125% since this time last week.

Musk Meme Fuels $2 Billion Gain For Dogecoin (Forbes)

A textless meme of a dog in a T-shirt tweeted by the world's wealthiest man Elon Musk sent one of the world's largest cryptocurrencies up 12% Tuesday, ...

This year has been bleak for crypto, with bitcoin down 57% year-to-date, compared to a 19% loss for the S&P 500. That’s how much in market capitalization dogecoin has gained since October 4, the day Musk’s intent to close the Twitter deal went public. Its $19.1 billion market cap is roughly the same as Hewlett Packard. [return of](https://www.forbes.com/sites/dereksaul/2022/10/31/vine-20-twitter-reportedly-working-to-bring-back-video-service-after-musk-poll/?sh=1a725f763f42) the short-form video service Vine and a [monthly fee](https://www.forbes.com/sites/siladityaray/2022/10/31/a-verified-badge-on-twitter-may-cost-users-20-a-month-report-says/) for users to retain their verified badges. Dogecoin briefly reached a market cap of about $70 billion last year when it peaked near $0.70 before quickly losing its luster, falling to as low as $0.05. [tweet](https://twitter.com/elonmusk/status/1587297730631696384?s=20&t=LyxmZux9A7OErRktrr3ddw) of a Shiba Inu adorned with a Twitter logo instantly went viral, picking up nearly 600,000 likes.

Dogecoin Is Flying After an Elon Musk Tweet. More Gains May ... (Barron's)

The 'meme' cryptocurrency has torn higher amid the completion of Elon Musk's takeover of Twitter. It might not last.

The tokens may be poised for more short-term gains, but it’s likely that a crash is coming. ](https://www.barrons.com/market-data/cryptocurrencies/dogeusd?iso=kraken) [

Twitter Drama Increased Dogecoin's Volatility, Analyst Says (U.Today)

Dogecoin (DOGE) is known to be the favorite digital asset of the billionaire Tesla CEO Elon Musk. With the latest Twitter acquisition, ...

The memecoin’s market cap increased to a whopping $19 billion with a $7.8 billion 24-hour trading volume. Dogecoin (DOGE) is known to be the favorite digital asset of the billionaire Tesla CEO Elon Musk. [report](https://u.today/elon-musk-this-will-destroy-scam-bots-on-twitter) on Tuesday. [report](https://u.today/elon-musk-might-be-hinting-at-coming-doge-integration-on-twitter). As the popular memecoin hit a seven-month high of roughly $0.15 on Nov. — Elon Musk (@elonmusk)— Elon Musk (@elonmusk)

Dogecoin leads cryptos with 24 times Bitcoin's gains. Here's what sparked the rally? (Economic Times)

Dogecoin is an entirely transparent public blockchain; all the transactions can be theoretically mapped out to individual addresses which could be used for taxation and other contingent liabilities based on the transactions linked to Twitter IDs. Reading ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The joke token, backed by [Elon Musk](/panache/panache-people-101/elon-musk/profileshow/79257472.cms), has jumped as much as 160 per cent in the last one week. If DOGE drops to $0.112, bullish investors can use the opportunity to buy more, Giottus said. SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. Similarly, it has dwarfed the 18 per cent rally of Ethereum by at least 9 times during the given period. Dogecoin zoomed more than 30 per cent to Rs $0.1527 levels from $0.114 mark in the last 24 hours. Its RSI has also finally entered decisively overbought territory," it added. Dogecoin’s rally comes as Musk completed his $44 billion acquisition of Twitter. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) "Elon has been vocal about his support for DOGE and with his control on Twitter, investors are anticipating more use cases for DOGE in the Twitter ecosystem," he added. [cryptocoin](/topic/cryptocoin)has outperformed [Bitcoin](/news/bitcoin)by as much as 24 times, which has gained less than 7 per cent in the last one week. [Dogecoin](/markets/cryptocurrency/dogecoin-price/cryptodetail/symbol-doge.cms), the largest memetoken, has been having a rally of the year.

Dogecoin Is Up 134% This Week. Can the Top Meme Coin Head ... (Crypto Briefing)

Elon Musk's Twitter buyout has reignited meme coin mania, propelling Dogecoin up 134% over the past seven days.

Paradoxically, Musk’s ongoing hints and teases at a Twitter Dogecoin connection might be the bullish scenario. Seeing the meme coin mania unfold, it appears Musk has reverted to his 2021 tactic of posting cryptic Dogecoin-related tweets, adding even more fuel to the fire. Now that Musk has taken control of Twitter, speculation that he will integrate Dogecoin with the social media platform is reaching a fever pitch. To the uninitiated, it may seem coincidental that Dogecoin has rallied so much on the back of Musk’s Twitter buyout. Of note is one [exchange](https://twitter.com/CroissantEth/status/1587140097056673792?s=20&t=AnokAVbfVUjPfgBUEb8MVA) where Musk details a “blockchain-based version of Twitter where the “tweets” are embedded in the transaction as comments.” In this plan, Musk also floats the idea of charging 0.1 DOGE per comment or repost. The Shiba Inu-themed coin gained a further 87.5%, soaring from around $0.08 on Friday to a high of 0.15% on Tuesday morning before a slight cool-off.

Dogecoin Flies 17 Times Higher than Bitcoin Gains, Thanks to Elon (Analytics Insight)

On October 29 the Dogecoin price shot up 75%. Around 62% of Dogecoin holders are making money at the DOGE price of $0.12.

IntoTheBlock onchain signals show a 19% hike in the number of Dogecoin wallets currently in profit. A further 5% of Dogecoin holders are currently at the money while 33% are making a loss on their DOGE portfolio. New data from IntoTheBlock shows that 62% of Dogecoin holders are making money at the DOGE price of $0.12.