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X Layer Platform Meme Ranking: DOGSHIT, XDOG Leading the Way, Top Five Total Market Cap Exceeds $1 Billion

Dogecoin Rises 20% as Treasury Firm Amasses DOGE, ETF Nears Launch The O.G. meme coin is outpacing Bitcoin and Ethereum over the last week. Here's a look at what's driving Dogecoin demand Dogecoin is the crypto market's leading meme coin. Image: Shutterstock/Decrypt In brief The price of Dogecoin has risen by nearly 20% over the last week. A publicly traded Dogecoin treasury has announced $125 million worth of DOGE purchases this week. Rex-Osprey will launch a Dogecoin ETF in the U.S. on Friday. Dogecoin is one of crypto's biggest gainers over the last week, beating majors like Bitcoin and Ethereum as fresh catalysts helped propel the O.G. meme coin to its highest price in nearly a month. DOGE was recently priced at $0.2543, rising nearly 20% over the past week and hitting its highest price since August 13, according to data from CoinGecko. No coin in the top 10 cryptocurrencies by market cap has gained more over the last week than DOGE, though the coin remains well short of its 2021 all-time high mark above $0.73.

cryptocurrency market, in English. Today's Crypto Market: A Snapshot The cryptocurrency market is known for its volatility, and prices can change quickly. As of today, the market shows a mix of cautious optimism and some price fluctuations. Here's a look at some of the major coins: * Bitcoin (BTC): The leading cryptocurrency is currently trading around $115,000. Its price has shown a slight increase over the past week, driven by institutional interest and expectations of future US Federal Reserve decisions. * Ethereum (ETH): The second-largest coin is hovering around $4,500. Like Bitcoin, it has seen some positive movement recently. The ongoing development of new applications and smart contracts on its platform continues to support its strong market position. * Solana (SOL): Solana's price is around $230, gaining popularity due to its high transaction speeds and low fees. * Dogecoin (DOGE): This well-known meme coin is priced at approximately $0.26. It has shown a more significant price increase over the last week compared to other major coins. Factors Influencing the Market Coin prices are not static; they are influenced by several key factors: * Macroeconomic News: Global economic news, particularly from the US, such as inflation data and interest rate decisions, can have a major impact on the entire crypto market. * Institutional Investment: When major banks and companies show interest or invest in cryptocurrencies, it often boosts market confidence and prices. * Regulation: New laws and regulations regarding crypto in different countries can either positively or negatively affect market sentiment. This information provides a general idea of the market. For the most current and specific data, it is always best to check a real-time crypto exchange or a reliable financial news source. #BTC #ADA #Eth

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