DOGE Surpasses $1 Billion Market Cap in a Single Day as Price Skyrockets Near $0.80
Dogecoin (DOGE), the largest meme coin, experienced a significant price pump on July 21, causing its price to rise by over 10%. This surge propelled DOGE to $0.076 and increased its market cap by $1 billion, bringing it to $10.66 billion. As a result, DOGE climbed to the sixth position among the best-performing cryptocurrencies on daily charts and became the eighth largest asset by market worth.
While the specific reason behind the DOGE rally is unclear, some speculate that it may be related to rumors about the cryptocurrency’s presence in the source code of Tesla’s payment page. Although Tesla had previously removed the option for Bitcoin payments, it appears that they did not remove the Dogecoin code. Chinese crypto reporter Colin Wu confirmed that Tesla had deleted “bitcoin” from the source code but still retained “dogecoin.”
The rumors about Tesla’s involvement with Dogecoin likely sparked speculation and excitement among Dogecoin enthusiasts and investors, leading to the price pump. This surge in price was anticipated earlier in the week by Finbold, a news platform covering financial markets.
It is important to note that this content should not be considered investment advice. Investing in cryptocurrencies is speculative, and there is a risk of losing capital.