Dogecoin profitability rises to 65% following impressive bull run $DOGE DOGE DogeFam Dogecoinrise Dogecointothemoon
The Dogecoin price rose over 90% in a massive spike on Oct. 29 as it climbed from lows of $0.082 to reach intraday highs of $0.151. Dogecoin has been rising since Oct. 25 after reports emerged of Tesla CEO Elon Musk's near conclusion of the Twitter deal.
Bulls went berserk as investors considered the possibility of Dogecoin being utilized as payment on social media following the successful conclusion of the Twitter deal. Currently, Dogecoin is outperforming the top 20 in gains as the majority of cryptocurrencies are losing value over the last 24 hours, thus trading in red at press time. At the time of publication, DOGE was changing hands at $0.118, up 5% in the last 24 hours and 100% in the past week.