Dogecoin (DOGE) meme-cryptocurrency prices breached the $0.15 mark for the first time since April 2022. In the last 24 hours the asset rose 26%, according to CoinGecko.
Dogecoin’s market capitalization neared $20 billion.
Most assets in the top 10 posted only modest gains over the last 24 hours. After DOGE, the best performer was BNB (+6.3%).
Dogecoin began rising on October 27 after Elon Musk published a video of visiting Twitter’s headquarters. The next day the meme cryptocurrency added another 10% after the billionaire’s purchase of the social network.
Musk has been actively promoting the meme cryptocurrency. In April he proposed lowering the price of Twitter Blue and giving users the option to pay for premium service in DOGE.
In June, Musk confirmed his support for Dogecoin, despite the bear market. He then stated that Tesla would continue to sell goods for DOGE and SpaceX would soon follow suit.
As reported, technical analyst and head of Factor LLC Peter Brandt wrote about the end of Dogecoin’s downward cycle. He warned that this should not be read as a signal of further growth for the meme cryptocurrency.
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