CandleFocus Dogecoin (DOGE) Up by 30% in 7 Days: Possible Reasons
2024-11-09
Author: Content Editor
Dogecoin (DOGE) had a successful week, becoming the best performer among large-cap cryptocurrencies and experiencing a nearly 30% price increase. Its market capitalization exceeded $30 billion and it reached its highest price in over seven months. The acquisition of Dogecoin Holdings by Spirit Blockchain Capital contributed to the surge in price and could boost adoption. Other meme coins in the top 100 cryptocurrencies had mixed results, with some experiencing significant gains and others ending the week in the red. TON-based meme cryptos saw impressive daily gains, with HMSTR, Dogs, Resistance Dog, and Notcoin all experiencing price increases. The Dogecoin community is also encouraged by a bullish price prediction from economist Raoul Pal.
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