Dogecoin ON The Rise: Elon Musk’s purchase of Twitter sparked excitement about the future of coin…

Dogecoin, which is the tenth largest cryptocurrency, has a market capital of $10.5 billion. Its gains over the last 24hrs were more than any other top 50 coins, with gains exceeding 15%. DOGECOIN, the tenth-largest cryptocurrency with a market cap of $10.5 billion, gained nearly 30% over the past week. Telegram’s token TON was only slightly behind. Elon Musk’s takeover at Twitter nw seemed a’sure thing’ as Musk walked through the Twitter offices earlier today. It is clear that social sentiment is driving the price. People assume that Twitter will eventually implement Dogecoin. It’s easy to downplay the strength and value of DOGE, but this ‘joke currency’ is showing some legitimately strong fundamentals. According to IntoTheBlock, DOGE wallets that have held DOGE for over a year are at an all-time high 2.8 million. According to IntoTheBlock, DOGE wallets that have been in existence for more than a year are at an all time high of 2.8 million.
Author: Ross DavisSilicon Valley NewsroomGCP Breaking Crypto News