March 29, 2024 10:40 AM | 1 min read |
DogeDesigner, a prominent figure in the cryptocurrency community, has commented on Dogecoin’s (CRYPTO: DOGE) recent market behavior, indicating a bold move.
What Happened: On Friday, DogeDesigner took to X, formerly Twitter, and wrote, “Dogecoin woke up and chose violence today,” and attached a meme of Dogecoin’s iconic Shiba Inu dog clad in a Grim Reaper outfit and crossing a door that reads “$0.20.”
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See Also: Dogecoin Jumps 15% Ahead Of Doge Day, Whale Transactions Up
Dogecoin has surged over 48% in the last seven days, with its market capitalization rising to $31.33 billion.
More broadly, dog-themed meme coins have been on the uptrend. Dogwifhat (CRYPTO: WIF) rode the rally to become the third-largest meme coin by market capitalization, rising by 16% in the last 24 hours.
Why It Matters: The post coincided with a surge in Dogecoin’s value, as the meme-inspired cryptocurrency saw a 14% increase to $0.22, ahead of the Doge Day event on April 20.
Dogecoin’s ascent reflects a wider trend in the cryptocurrency market, particularly among altcoins. The meme coin’s surge occurred alongside a general uptick in the sector, triggered by Bitcoin’s climb past the $70,000 mark.
Image via Shutterstock
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