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DOGE-related coins have made it to the list of top gainers, among the top 100 cryptocurrencies by market capitalization.
What Happened: As reported by CoinMarketCap, a trio of these meme coins BONK, Dogecoin, and Shiba Inushone as the top performers of the day.NamePriceGains +/-BONK BONK/USD $0.000022+56.06%Dogecoin DOGE/USD $0.1297+36%Shiba Inu SHIB/USD $0.000013+23.10%Source: CoinMarketCap
The total market capitalization of the top 100 meme cryptocurrencies recorded a jump of 12.8% in the last 24 hours, standing at $23.8 billion.
Pseudonymous analyst Kaelo hinted at a bright future for Dogecoin in comparison to Bitcoin BTC/USD . Makes the most sense $DOGE will eventually round out the memecoin rotation with a violent move vs its BTC pair, the analyst said, adding,Dont sleep on the king.
The chart shared by Kaleo reveals the possibility of Dogecoin climbing by 400% to hit $0.63. Kaleo said, The pump hasnt even started.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: Dogecoin, the largest of all the meme coinscryptocurrencies born from internet humorwas originally created as a joke. However, its fate took a turn for the serious when Elon Musk, CEO of Tesla, brought it to the limelight through his tweets.
Now sitting at number 10 in the ranks of the worlds largest cryptocurrencies, Dogecoin has a market cap of $15.7 billion, even nudging ahead of Avalanche AVAX/USD .
A social media metric, tracked by LunarCrush, saw Dogecoins social dominance scorea measure of its visibility across social mediaskyrocket by 600% in a single day.
Read Next: Heres How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
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