Dogecoin (DOGE) is up 7.7% over the past 24 hours, trading above its three-week high of $0.103 on Tuesday morning, according to data from CoinGecko.

The industry’s first and largest meme coin now boasts a market capitalization of over $14 billion—a hefty increase of roughly $1.5 billion since yesterday—and is also the best-performing digital asset among the top 10 largest cryptocurrencies on the day.

The latest price action comes in the wake of DOGE surging over 22.5% in a week’s time on Monday, most likely spurred by ongoing—yet unconfirmed—speculations that the meme coin could become part of Twitter’s potential plans for rolling out its own payment system.

Dogecoin
DOGE
-18.20%$0.1713
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DOGE price

At the time of writing, Dogecoin has spiked almost 38% over the week.

The latest spike in price comes amid continued turbulence in the crypto industry.

BlockFi is a crypto lending firm. Image: Shutterstock

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4 min read
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Elsewhere in the market, Bitcoin (BTC) is up 1.7% over the day, currently trading at about $16,500.

Dogecoin
DOGE
+1.85%$0.1713
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Created with Highcharts 10.3.312:00PMMar 2312:00PMMar 2412:00PMMar 2512:00PMMar 2612:00PMMar 2712:00PMMar 2812:00PMMar 2912:00PM12:0…$0.16$0.17$0.18$0.19$0.2$0.21
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Ethereum rose 3.5% over the past 24 hours to the current price of $1,213, while Litecoin (LTC)—another one of the better-performing assets over the past week—moved up to 13th place in the rankings with a 6.6% jump over the span, trading at $76.69 at the time of this writing.

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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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