Dogecoin (CRYPTO: DOGE) overtook market heavyweights Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in the latest cryptocurrency market rebound.
What’s Impacting DOGE?
Dogecoin surged over 4% in the past week, ranking among the top large-cap cryptocurrencies in this period. Bitcoin and Ethereum trailed DOGE, as shown below.
| Cryptocurrency | 7-Day Gains +/- | Price (Recorded at 1:15 a.m. ET) |
|---|---|---|
| Dogecoin (CRYPTO: DOGE) | +4.18% | $0.09287 |
| Ethereum (CRYPTO: ETH) |
+3.80% | $2,037.49 |
| Bitcoin (CRYPTO: BTC) | +3.18% | $70,039.41 |
The spike could be attributed in part to geopolitical developments in the Middle East, as well as to events specifically impacting DOGE. Risk appetite improved after President Donald Trump said that the conflict was “pretty much complete.”
Additionally, Elon Musk confirmed that X Money, the hotly awaited payments service for his social media company X, will begin early public access next month.
And while Musk made no mention of Dogecoin—which he’s hyped in the past—the memecoin still surged on the announcement.
Dogecoin’s official X account, meanwhile, emphasized that the cryptocurrency is no longer just a speculative asset, stating, “Doges chase frisbees, not hype.”
Photo Courtesy: Akif CUBUK on Shutterstock.com
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