Dogecoin continues its surge—and it’s now the best performing cryptocurrency among the top 100 coins over the past 24 hours.
The original meme coin hit a peak price of nearly $0.16 on Monday afternoon, according to CoinGecko, marking a nearly five-month high after last touching that price in early June.
Down slightly from that peak, DOGE is now up almost 12% on the day at a current price of $0.157, making it the biggest gainer in the top 100 cryptocurrencies by market cap.
The gradual climb of the first dog coin comes as Tesla and SpaceX CEO and the world’s richest man Elon Musk embeds himself deeper into Donald Trump’s presidential campaign.
Musk is endorsing former U.S. President Trump in his quest for a second term, and Trump has said that Musk could have a position in government should he win next week. Trump says that Musk would run a department dubbed the Department of Governmental Efficiency (D.O.G.E.)—an acronym that happens to be the same as Dogecoin’s ticker.
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Author: Mathew Di Salvo
