Dogecoin (DOGE) Reaches 3-Year High with 236% Monthly Surge

Dogecoin Surges to Three-Year High

Dogecoin (DOGE), the popular meme-based cryptocurrency, soared to a three-year high of $0.48 on November 23rd. This surge represents a 27% increase over the past week and a remarkable 236% gain in the last month.

Elon Musk's Influence

The recent price increase has been attributed to speculation surrounding Elon Musk's social media platform, X. Musk recently shared a screenshot of Joe Rogan's X profile featuring a new dollar icon, distinct from the platform's tipping feature. This has led to speculation that X Payments, a feature that would allow users to make financial transactions on X, may be in the pipeline.

Trading Volume

The price surge has propelled Dogecoin into the top three most traded cryptocurrencies, with a trading volume of approximately $19.5 billion in the last 24 hours. This surge in trading activity demonstrates the growing popularity and acceptance of Dogecoin in the cryptocurrency market.