Dogecoin’s value has gone up a lot in the last week. The rally was set off by the news that Elon Musk had bought Twitter. The price of Dogecoin has moved in a narrow range over the past few months. DOGE is one of Elon Musk’s favorite cryptocurrencies, so his takeover of Twitter brought attention to the meme coin.
People have also said that the price hike was caused by the possibility and rumor that DOGE will become a way to pay on Twitter. A lot of investors are now in the black because of the recent price rise. According to data from Intotheblock, 62% of DOGE holders are making money from the first time they bought the token.
Dogecoin wallet lets you make money as the price goes up.
Based on the data, the holders’ profit has gone from 48% in May to 62% at the time of writing.
Dogecoin’s value has gone up a lot in the last week. The rally was set off by the news that Elon Musk had bought Twitter. The price of Dogecoin has moved in a narrow range over the past few months. DOGE is one of Elon Musk’s favorite cryptocurrencies, so his takeover of Twitter brought attention to the meme coin.
People have also said that the price hike was caused by the possibility and rumor that DOGE will become a way to pay on Twitter. A lot of investors are now in the black because of the recent price rise. According to research by Intotheblock, 62% of DOGE holders are making money on the first DOGE they bought.
Based on the market capitalization of all cryptocurrencies, Dogecoin is now ranked eighth, and if it is added to Twitter, its value is likely to rise.
Wallet addresses for Dogecoin make money when the price rises
Statistics show that the profit of holders has gone up from 48% in May to 62% at the time this article was written.
At the time of this writing, DOGE is worth $0.1176. This is a loss of 11.5% over the last 24 hours. But compared to other top cryptocurrencies, DOGE may have grown the most in the last week.
Before going down in value, the meme currency went from being worth $0.05574 per month to being worth $0.1494 per month. Still, the rise was good news for most investors because the meme coin had been showing promise over the past week.
Glauber Contessoto, who is also known as the Dogecoin millionaire, posted on Twitter when the price of DOGE went up. He wrote on Twitter that he is now worth “half a million dollars.” In Dogecoin, Contessoto became a millionaire in April 2021. But he almost lost everything when DOGE and other major cryptocurrencies fell for a long time during a bear market.
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