Dogecoin (CRYPTO: DOGE) traded 9% increased over 24 hours at $0.26 at press time early Monday.

What’s Shifting? The meme cryptocurrency has gained 9% over a seven-day trailing interval.

DOGE traded 7.7% and 11.46% increased in opposition to main cryptocurrencies Bitcoin and Ethereum over 24 hours.

DOGE’s year-to-date positive factors are a powerful 4462%, however the Shiba Inu-themed coin is down about 65% from its all-time excessive of $0.7376 touched in Might.

See Additionally: How To Buy Dogecoin (DOGE)

Why Is It Shifting? DOGE moved increased in tandem with main cash equivalent to Bitcoin and Binance Coin which traded within the inexperienced at press time when the worldwide cryptocurrency market cap rose 0.9% to $2.41 trillion.

The meme coin attracted reasonable curiosity on Twitter and was the fifth-most mentioned token on the microblogging platform with 2,601 tweets at press time, as per Cointrendz information. Bitcoin and Shiba Inu are seeing the best curiosity on Twitter.

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk reacted to a few tweets associated to the DOGE over the weekend.

This features a tweet from Dogecoin YouTuber Matt Wallace, who stated that Dogecoin has additionally helped Musk to turn out to be richer than fellow billionaires Microsoft Company (NASDAQ:MSFT) co-founder Invoice Gates and Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) founder Warren Buffett mixed.

Musk additionally responded with a “face with tongue” emoji to a tweet by Billy Markus, the co-creator of Dogecoin, and a “rolling on the ground laughing” emoji to a different tweet that referred to Dallas Mavericks proprietor Mark Cuban.

Musk additionally despatched out a tweet with a bunny-like determine holding a rocket, which despatched a number of meme cash throughout the board hovering. The value of self-proclaimed “Doge-killer” Shiba Inu skyrocketed with some deciphering the determine in Musk’s tweet to be the token’s mascot holding a rocket.

Bunny-themed cryptocurrencies additionally garnered consideration and were trending on Google after Musk’s tweet.

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