Dogecoin (CRYPTO: DOGE) traded 14% higher over 24 hours at $0.3376 early Monday.
What’s Moving? DOGE has spiked 40.04% over a seven-day period at press time.
Against major cryptocurrencies Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), DOGE traded 8.39% and 8.66% higher, respectively.
DOGE’s 30-day returns stand at 91.1% while it has skyrocketed 5,798.26% since the year began.
See Also: How To Buy Dogecoin (DOGE)
Why Is It Moving? DOGE traded higher in tandem with major cryptocurrencies on Sunday night.
The Shiba Inu-themed cryptocurrency breached the 30 cent mark on Sunday after Tesla Inc (NASDAQ:TSLA) CEO Elon Musk agreed with “Shark Tank” host Mark Cuban on social media that DOGE is the strongest cryptocurrency as a medium of exchange.
The hashtag #DogeCoinTo1Dollar trended on Twitter on Sunday pushed by Youtuber Mark Wallace and others.
DOGE was the second most mentioned cryptocurrency on Twitter Inc’s (NYSE:TWTR) platform behind BTC, as per Cointrendz.com.
Tim Draper-backed Unocoin Technologies’ CEO Sathvik Vishwanath meanwhile said DOGE’s growth was due to “hype and trends” and those calling for the meme coin’s moonshot have “no understanding of the market.”
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