Dogecoin increased by 80% per week and overcame $ 0.1 for the first time since May

Over the past week, the Dogecoin (DOGE) meme has increased by more than 80%, according to Coingeco. The asset overcame $ 0.1 for the first time since May 2022.

Dogecoin capitalization exceeded $ 14.6 billion. Such an indicator provided the Mem-Crippical line with the eighth line of the rating-above Cardano ($ 14.2 billion) and SOLANA ($ 11.8 billion).

Dogecoin moved to growth on October 27 after Elon Musk published a video of Twitter headquarters visits to the headquarters. The next day, the Critical Meme added another 10% after buying a social network with a billionaire.

Musk is actively promoting meme. In April, he proposed reducing the cost of Twitter Blue and provide users with the opportunity to pay for the premium service in Doge.

In June, Musk confirmed his support for Dogecoin, despite the bear market. Then he stated that Tesla would continue to sell goods for DOGE and soon SpaceX will follow this example.

The total capitalization of the cryptocurrency market is fixed above the $ 1 trillion mark.

Earlier, the founder of Galaxy Digital Mike Novograts admitted that the bear market can continue for another six months.

Recall that the former Goldman Sachs top manager and Macro-investor Raul Pal predicted the growth in the capitalization of the digital assets market up to $ 300 trillion in the next 10-15 years.

Trader and analyst Michael Van de Poppe predicted bitcoin for $ 30,000 in November.

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