According to CoinMarketCap, DOGE has rallied by over 100% in the last seven days following Elon Musk Twitter acquisition. The market cap of Dogecoin also neared $20 billion on Oct. 29 before dropping to $16.35 billion at press time.
The latest DOGE bull rally is being fueled by speculation about the role Dogecoin could play on Twitter.
Traders React to Dogecoin Bull Rally
The surge in the price of Dogecoin has already generated significant returns for many traders. The SlumDOGE Millionaire shared a screenshot showing that he made over $250,000 in unrealized profits after DOGE jumped by 75% within 24 hours.
Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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