Crypto trader CryptoDonAlt has recently questioned the nature of Dogecoin's rally after the meme coin failed to gain a significant boost from Elon Musk's actions. The trader expressed his surprise on Twitter, wondering if the supporters of the mogul were too poor to pump the cryptocurrency or had invested all they could. CryptoDonAlt also shared details of his own activities in the market, reporting that he had successfully sold Dogecoin at $0.098 and bought back the coin at $0.091. Moreover, the trader stated his intention to continue trading in Dogecoin until he was proven wrong.

The debate around Dogecoin's rally came upon the heels of Google searches for the Crypto increasing significantly after Musk's Tweet changing Twitter's logo to that of the Doge meme. Despite the considerable surge in searches for the coin, the 30% rally still failed to make a major impact in DOGE's market dynamic. It did, however, manage to temporarily surpass Cardano's asset, ADA, only to then drop back to eighth spot.

At the moment, Dogecoin is trading at around $0.09 on most major spot exchanges. During the previous seven days, the coin has seen an approximate increase of 18%. All things taken into account, despiteCryptoDonAlt's confusion, DOGE has shown some signs of a modest but steady increase in value.



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