Dogecoin Peaks 5%, Outperforms Other Coins
Dogecoin leads the broader cryptocurrency market after Elon Musk commented on the idea of changing the Twitter logo to that of the Doge meme
The price of Dogecoin (DOGE) is up about 5% in the past 24 hours, according to data from CoinMarketCap.
The meme coin has outperformed any major altcoin in the aforementioned period.
Image by coinmarketcap.com
As reported by U.Today, the Bitcoin parody on Thursday saw a double-digit price spike after Bitcoin of America, a popular cryptocurrency ATM operator, added Dogecoin to its list of available coins. At the same time, Voyager trading app also added support for Dogecoin.
Earlier today, Tesla CEO Elon Musk commented on the idea of buying Twitter and changing the bird logo to Doge’s, claiming it would be “sick”.
Image by twitter.com
Bitcoin, the top cryptocurrency by market cap, remains in the doldrums and is currently changing hands at the $44,500 level on major spot exchanges. Bulls have so far failed to gain a foothold above the $45,000 level recently described as a “key pivot” by veteran trader John Bollinger.
Ethereum is also struggling to take another step higher as the second largest cryptocurrency remains below the $3,200 level.
Dogecoin rival Shiba Inu is also flat at the time of writing, adding just 0.67%.
Zilliqa (ZIL) is up 73.17% in the last 24 hours to become the best performing altcoin within the CoinMarketCap top 100. It is followed by VeChain (VET), which is up 14.50% over the same period. Holo (HOT) also registered a double-digit price increase, rising more than 10 percent.
ApeCoin, which made its tumultuous debut last week, is up 8% on Sunday and rebounded to nearly $14. Such price action indicates that the hype surrounding the native cryptocurrency of the Bored Ape Club ecosystem is alive and well.