Dogecoin

Tesla started accepting dogecoin as payment for its merchandise early this year, and Elon Musk's newly launched perfume brand can also be bought with ...

The billionaire in a tweet on Saturday said that Twitter users could in future choose a version of the social media platform they like by providing ratings on their tweets. Dogecoin surged more than 70% on Saturday, extending this week’s gains after Elon Musk sealed a $44-billion deal to take over Twitter last week. The Tesla Inc CEO, a vocal proponent of cryptocurrencies, has heavily influenced prices of dogecoin and bitcoin.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of ...

At the time of publication, DOGE was changing hands at $0.118, up 5% in the last 24 hours and 100% in the past week. The recent rise seemed beneficial for Dogecoin "hodlers," which make up a greater chunk of Dogecoin's total addresses. The Dogecoin (DOGE) price rose over 90% in a massive spike on Oct.

Data shows Dogecoin has now become the 8th largest crypto by market cap, after displacing Cardano from the spot.

As for ADA’s recent trend, its price is currently around $0.404, up 15% in the last week. As a consequence, SHIB is still only 13th on the list. In this period, the original memecoin has taken a beating of around 13%. At the time of writing, the memecoin’s price is trading around $0.116, up 96% in the last week. Before this decline, DOGE’s price was up more than 110% during the preceding seven days. Source:

As Elon Musk ostensibly set Twitter free from its cage, popular meme coin Dogecoin broke out of the doghouse that is crypto winter.

[accepts the cryptocurrency](https://decrypt.co/104535/elon-musk-boring-company-dogecoin) as a form of payment for using its Las Vegas Loop. Exchanges between Dogecoin and Binance USD, the stablecoin native to the trading platform, also crossed $900 million, representing 5% of the exchanges total trading volume. The coin is still down 84% from an all-time high of 73 cents, set in May of 2021 on the day Musk hosted Saturday Night Live, the late-night television comedy show. The coin has also seen notable volume on major cryptocurrency exchanges over the past day. It now sits at 11 cents as of this writing, up 94% in the past week, according to The billionaire’s outsized impact on Dogecoin is nothing new, but the coin eclipsed prices this week not seen since May.

Like many other cryptocurrencies frozen by the crypto winter, Dogecoin wasn't doing particularly well before The Musk Effect took hold. As the Tesla (TSLA 1.52%) ...

As the Tesla ( [TSLA](/quote/nasdaq/tsla/) 1.52%) CEO neared success in his renewed [pursuit of Twitter](https://www.fool.com/investing/2022/10/28/why-dogecoin-popped-today/), however, investors rediscovered their love of the coin. The effect of the cryptocurrency's frequent cheerleader Elon Musk buying Twitter ( [TWTR](/quote/nyse/twtr/) 0.66%) was obviously fading fast. [DOGE](/quote/crypto/doge/) 4.22%) bark at the end of last week softened into a whimper on Sunday.

Many in the crypto community believe Elon Musk's takeover of Twitter to be a positive for the now-8th-largest cryptocurrency Dogecoin (DOGE).

2021, despite the CEO taking the view that [Dogecoin is “better suited for transactions”](https://cointelegraph.com/news/dogecoin-is-better-than-bitcoin-for-payments-elon-musk-declares) in Dec. [also began accepting Bitcoin-based payment for its cars](https://cointelegraph.com/news/tesla-expects-to-begin-accepting-bitcoin-for-payment) in Jan. 26 when billionaire entrepreneur Elon Musk changed his Twitter bio to “Chief of Twit” — the same day he visited Twitter’s San Francisco-based headquarters before officially closing the deal as the new owner on Oct. [according](https://www.coingecko.com/) to CoinGecko. [according](https://app.intotheblock.com/coin/DOGE?pid=coinmarketcap&utm_source=coinmarketcap_widget) to data from blockchain intelligence platform IntoTheBlock — which even beats out Bitcoin [(BTC)](https://www.coingecko.com/en/coins/bitcoin) and Ethereum [(ETH) ](https://www.coingecko.com/en/coins/ethereum)hodlers at 54% and 57% respectively. DOGE’s price rallied on Oct.

The 'memecoin' Dogecoin — which is among the top cryptocurrency by market capitalisation — has surged by more than 95% to 12 US cents (17 cents) following ...

Dogecoin trading over the weekend saw the shiba inu-themed memecoin reach a market capitalization of over $10 billion, add over 90% in value over the past ...

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). Open interest, or the number of contracts outstanding and not yet liquidated by an offsetting trade. Liquidations occur when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. Dogecoin liquidations were the highest among all cryptocurrencies in the past 24 hours at over $27 million. The entrepreneur's statements about the token have also consistently influenced its price, as previously reported.