The digital asset market may be on the whole sleepy today, but one cryptocurrency is surging: Dogecoin.

DOGE was at the time of writing up more than 9% in the past 24 hours, according to CoinGecko, trading for $0.08. And in the past week, it’s up 19%, making it one of the best-performing coins.

The original meme coin shot up in price as Twitter CEO—and the world’s richest man—Elon Musk tweeted a promo of the social media site’s new logo, originally shared by a Dogecoin designer. Musk appears to have also added the Dogecoin symbol to the location field in his Twitter bio.

Dogecoin was invented in 2013 by a group of engineers as a joke. But it is now the eighth biggest digital asset with a market cap of $11.2 billion. It was eventually revealed that Musk has been advising the developers behind Dogecoin since 2019.

Musk started pumping the coin on Twitter in 2020 by posting memes, and it in turn shot up in value and gained a cult following. His electric car company Tesla also accepts th

Go to Source to See Full Article
Author: Mathew Di Salvo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details