Elon Musk’s Favored Dogecoin Briefly Became 8th-Largest Crypto, But Then This Happened

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Elon Musk’s favored Dogecoin (CRYPTO: DOGE) experienced a rise, briefly claiming the position of the world’s eighth-largest cryptocurrency, before encountering an unexpected turn. What Happened: On Friday, Dogecoin, the meme-inspired digital currency, saw its value rise by more than 10% in a single day, reaching an impressive $0.076 per coin. This bullish move resulted in Dogecoin adding approximately $1 billion in market capitalization, pushing its total value from $9.67 billion to $10.66 billion, elevating it to the position of the eighth-largest cryptocurrency in the market. This significan…

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