Dogecoin Is Up 4% Today: Here's What's Moving the Meme Token

As of 11:15 a.m. ET, meme coin investors are cheering a significant move in Dogecoin (CRYPTO: DOGE), with the dog-inspired token surging 4.2% over the past 24 hours. This move is notable, given the market cap-weighted cryptocurrency index has moved "only" 1.6% higher on the day, with Dogecoin contributing significantly to this overall move. Image source: Getty Images.With other top cryptos, most notably Bitcoin (CRYPTO: BTC), surging to all-time highs in recent days, there's certainly a risk-on backdrop for tokens such as DOGE to continue to run from here. And while some bulls continue to aim for the key $0.30 level, the fact that DOGE is still trading just under $0.27 apiece provides plenty of drama for those betting on price movements one way or the other.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool