Dogecoin (DOGE) jumps 19%, key reasons behind this rise

Dogecoin (DOGE) jumps 19%, key reasons behind this rise

The largest meme cryptocurrency, Dogecoin, and the 10th largest by market cap size, has recorded a massive 19.19% price surge in the last 24 hours.

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The largest meme cryptocurrency, Dogecoin, and the 10th largest by market cap size, has recorded a massive 19.19% price surge in the last 24 hours.

This happened after whale activity in buying Dogecoin peaked, and also in light of recent news regarding DOGE’s biggest fan and cryptocurrency mogul, Elon Musk.

Whale acquires millions of Dogecoin as price rises

Cryptocurrency analyst Ali Martinez, popular on Crypto Twitter / fiat money.

In the last 24 hours, the 10th largest cryptocurrency DOGE skyrocketed from $0.1290 and reached the $0.1538 price mark, adding approximately 19.2% to its price value. It was a massive price increase for just one day.

Elon Musk gets more payment licenses for DOGE

In a surprising development, news has spread that Twitter/X owner Elon Musk is continuing to move his social media platform closer to being “the app for everything.”

Related
‘Rich Dad Poor Dad’ Author Says It’s Time to Buy Bitcoin, Not Stocks or Bonds

Payments within it are part of Musk’s long-term plan, and now includes 22 states.

Adding payments to This is probably another major factor that has driven the aforementioned impressive Dogecoin price jump.

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