coinquora.com
Dogecoin (DOGE), one of the most famous meme coins in the market, has boosted its price to over +13% in the past 24 hours. This is due to the recent announcement made by Elon Musk, the CEO of Tesla, that the company will start accepting DOGE payment options for selected Tesla merchandise. Indeed, this news spreads like wildfire in the crypto community, making the DOGE army go wild.
The tweet posted by Elon gathered over 5k retweets in a few minutes from its posting. In addition, it was already liked by almost 50k thousand followers, which continues to increase over time. With this, we can say that DOGE is one of the most-watched digital assets in the space.
In terms of its market status, the crypto has a huge market cap amounting to over $25 billion. This huge amount of money made by the crypto ranked it as one of the top fifteen virtual assets in CoinGecko. Above all, DOGE has a 24-hour trading volume amounting to more than $3.2 billion.
On the other hand, DOGE is just one crypto asset that keeps moving aggressively despite the bearish market today. For instance, FTM and NEAR have had a growth rate of over +10% in the past 24 hours. This is proof that cryptos’ technology and great use cases can defy the bearish market. At the time of writing, DOGE trades at a bullish price of $.20 per crypto.