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Quotes of the meme-cryptocurrency Dogecoin (DOGE) broke the $0.15 mark for the first time since April 2022. Over the past day, the asset has grown by 26%, according to CoinGecko.
DOGE/USDT daily chart on the Binance exchange. Data: Trading View.
The capitalization of Dogecoin approached the level of $20 billion.
Most of the top 10 assets showed minimal growth over the past day. After DOGE, BNB has the highest rate (+6.3%).
Top 10 crypto assets by capitalization. Data: CoinGecko.
Dogecoin went up on October 27 after Elon Musk posted a video of a visit to Twitter headquarters. The next day, the meme-cryptocurrency added another 10% after the purchase of the social network by a billionaire.
Musk is actively promoting meme-cryptocurrency. In April, he proposed lowering the cost of a Twitter Blue subscription and allowing users to pay for a premium service in DOGE.
In June, Musk reaffirmed his support for Dogecoin despite the bear market. Then he said that Tesla would continue to sell goods for DOGE and SpaceX would soon follow suit.
Recall that technical analyst and head of Factor LLC Peter Brandt wrote about the end of the downward cycle of Dogecoin. He warned that this should not be regarded as a signal for further growth of the meme-cryptocurrency.
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