Doge increases market capitalization in one day by $ 1 billion, as the price increases towards $ 0.80

Doge increases market capitalization in one day by $ 1 billion, as the price increases towards $ 0.80
On July 21st, Dogecoin (Doge), the world's largest meme coin, recorded an amazing price increase that made the crypto world open. On this day, the price of Doge rose by more than 10 % and reached $ 0.076 at the time of publication. This price increase increased the market capitalization of the meme coin by about $ 1 billion, from $ 9.67 billion to $ 10.66 billion.
Doge is now in sixth place on the daily charts of the best cryptocurrencies, directly behind Chainlink (link) and maker (MKR). It remains unclear what exactly this recent climb has caused, but some in the crypto community bring it with rumors about the presence of Doge in the source code of the Tesla payment page.
It seems that Tesla did not remove the code when the company previously removed the option to accept Bitcoin payments. Tesla removed the word "Bitcoin" from the source code, but "Dogecoin" remains there. This news has probably triggered speculation among Doge enthusiasts and investors and led to this remarkable price increase.
The price of Doge will continue to increase in the near future and may reach the $ 0.80 mark. This is a positive development for Dogecoin, since it is a meme coin that originated in an Internet fun campaign, but has recently gained more recognition than cryptocurrency.
This price increase also has an impact on the overall market for cryptocurrencies, since Doge is now one of the top 10 cryptocurrencies with the best performance. Investors and analysts will carefully observe the further development of Doge to find out whether this price increase is sustainable or whether it is only a short -term upward movement.
Overall, this price increase shows that Dogecoin is still supported by a large fan base and that there is still potential for future growth. However, investors should also consider the risks related to volatile cryptocurrencies such as doge and carefully weigh up their investment decisions.
This article was originally published on Coinphony and was editorially edited and grammatically revised to present the information clearly and precisely.