Whales turn to altcoins after Dogecoin (DOGE) rise

Last week, a cryptocurrency rally led by Dogecoin (DOGE) reinvigorated the altcoin market with sharp price gains. At the same time, some altcoins stand out more than others when it comes to savings for major cryptocurrency investors.

Despite the slight drop over the weekend, DOGE prices remain the dominant factor in the current market scenario. Every week, at the time of writing, the top memecoin is up nearly 100% compared to a week ago.

Elon Musk’s official takeover of Twitter on Oct. 27 led to the meteoric rise of Dogecoin, and thus the entire cryptocurrency market. In this regard, there has been speculation that Musk may enable Dogecoin (DOGE)-based payments for his Twitter feeds.

According to Btcmagazin market data, DOGE is priced at $0.1174, down 3% in the past 24 hours.

Disclaimer: The information provided is subject to market conditions and contains the author’s own views. Please do your “own” market research before investing in cryptocurrencies and following the above information. Neither the author nor the publication (btcmagazin.com) can be held responsible for your financial loss.

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Source of information: Compiled from BTCMANAZIN by 0x Information.The copyright belongs to the author Guci, and may not be reproduced without permission

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