Dogecoin (DOGE) Up by 30% in 7 Days: Possible Reasons

Dogecoin Soars 30%, Leading Meme Coin Surge

Dogecoin (DOGE), the leading meme cryptocurrency, enjoyed a stellar week, outperforming large-cap assets amid the crypto recovery.

Dogecoin's Impressive Gains

In the past seven days, Dogecoin has surged nearly 30%, reaching a peak price of $0.21605 on November 9, 2024. Its market capitalization has exceeded $30 billion.

The surge follows the announcement of Dogecoin Holdings' acquisition by Spirit Blockchain Capital, a corporation focused on implementing Web3 solutions using the Dogecoin blockchain.

Mixed Signals in Meme Coin Segment

Within the top 100 cryptocurrencies, meme coins are sending mixed signals.

• Neiro (NEIRO), the AI-created meme coin, has soared over 65% in a week, surpassing $1 billion in market capitalization.
• Popcat (POPCAT), a prominent "Murad's meme coin," has struggled this week, closing in the red alongside Mantra (OM), Tron (TRX), and Kaspa (KAS).

TON Meme Coins Comeback

TON-based meme cryptos have exhibited impressive daily gains.

• HMSTR, the native token of Telegram app Hamster Kombat, has surged over 66% in 24 hours, driven by increased whale activity.
• Dogs (DOGS) and Resistance Dog (REDO) have gained 26-27%, while Notcoin (NOT), the largest TON meme crypto, has added 16%.