Dogecoin bucked the crypto market drops within the previous 24 hours as the original meme coin recorded significant upticks. DOGE surged 6% to stay green for the 2nd consecutive day.
The upswings followed early on the week news that Elon Musk acquired the Twitter shares and planned to join its board. Remember, Elon Musk has supported Dogecoin via the social platform for years.
SpaceX owner purchased a $2.9 billion Twitter stake. The Tesla executive now owns about 9.2% of the social media network. That’s over 4-times of founder Jack Dorsey. Moreover, Musk revealed plans to ensure improvements in the site. Twitter announced working to introduce an edit button.
Dogecoin arrived in the crypto world as a joke about crypto hype. However, the alt transformed to be one of the top players in the marketplace. The altcoins maintained an upward stance at this publication, staying 13% up within the past seven days.
The dominant crypto, Bitcoin, saw declines amid the latest sessions. BTC dropped more than 3% within the past day, staying 4% down over the past week. While publishing this content, Bitcoin traded with a downward stance at $45,289.08.
The second-largest crypto by value, Ethereum, also plummeted, losing 4% within the past day to hover at $3,350. The leading alt stayed 1% lower within the past week. However, the crypto awaits a massive update soon, which might improve sentiments for higher moves.
Binance Coin (BNB) is a governance token by the leading cryptocurrency exchange Binance. The platform introduced BNB to cement its position as an infrastructure service provider within the blockchain ecosystem. The altcoin lost 2% to hover at $443 but remained 2% up within seven days.
Solana (SOL) is a blockchain network designed to make DeFi accessible globally and can process 50,000 transactions every second. Its native token SOL lost nearly 5% to hover at $127 but remains 14% up since last week Wednesday.
The global market capitalization declined by 3.55% within the past 24hrs to stand at $2.09 at this publication, reflecting the downward beat with top crypto assets.
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