Why is Dogecoin price up today?
Dogecoin (DOGE), the largest memecoin by market capitalization, has rallied more than 23% in the past 24 hours, emerging as the best crypto market performer amid anticipation surrounding Elon Musk’s support of the memecoin in the Trump administration. Currently trading at $0.2771, DOGE has reached its highest value since Oct. 2021, marking an 86% climb over the last seven days and is up 152% over the last month. DOGE/USD daily