While the crypto market faces a correction period, Dogecoin has been able to notch gains. The popular meme coin has boasted over 44% gains in the last week alone. The cryptocurrency currently trades at $0.086 with a 24-hour volume of $3,308,559,307. This makes it one of the top gainers in the past week. There are several reasons for DOGE’s price action. One of them is Elon “Dogefather” Musk’s Twitter acquisition. The news has recently been making rounds on social media that the Tesla CEO would finally close his Twitter deal. With him finalizing the acquisition today, Doge supporters are bullish about the future of the cryptocurrency. Related Reading: Why Bitcoin (BTC) Could Not Surpass Litecoin (LTC) In This Key Area Doge Soars 12% On The Day After Market-Wide Correction The entire crypto market experienced corrections that saw several coin prices retract by as much as 10 percent. Dogecoin also experienced this correction and was down by 8 percent. However, DOGE has risen by 12% in the past few hours, recouping losses sustained during the market-wide slump. Dogecoin’s value has also increased by over 40% in the past week. Its trading volume has also increased dramatically within this period. Market cap-wise, Doge is the ninth-largest crypto, and its price of roughly $0.086 was the highest since August. According to CoinMarketCap, it has seen a trading volume of $3.3 billion in the last 24 hours. T...
