By Richard Hines
Dogecoin, once again, takes the lead amongst its rivals in the market as it responds positively to Musk’s recent purchase of the Twitter platform.
Current chart has revealed that the altcoins , headed by Doge, are doing quite well with green signals on a 24 hours ranking.
Bitcoin, on the other hand, has once again again regained action with a close range to getting past $21,000.
Bitcoin Soars Above $21K
The past week has been quite notable for the digital currency industry with the series of crypto chart action. BTC maintained the $19,000 mark until a sudden rise above $20,000 by midweek which records as its highest in 20 days.
Right after a minor pullback, the coin instigated its way up to a multi-week increase encircling the $21,000 mark. The coin value slightly dropped on Friday after the ECB published a new decision to increase interest rate by 0.75%.
More instability in the cryptocurrency coin price has been encountered as the United States recently disclosed the 0.4% September high in personal income.
However, the bullish behavior of the coin has been maintained, keeping the coin’s recent trade rate close to $21,000.
Dogecoin Dominates With A Significant High
The altcoin recorded a slight pull yesterday although the scenery is a different story today. Ether (ETH) has recovered with a 9% high, trading a little above $1,600 That places the second most dominating cryptocurrency at its highest rate since after the integration.
BNB currently trades above $300, with a daily recovery move of 6.5%. Ripples, Polkadot, Solana, and MATIC also recorded notable highs.
Nonetheless, the current top performers are the two lead meme token by market cap. With a higher plunge of 30% gained in 24 hours, Doge trading value has increased to more than $0.1, which is its the highest rate attained since May.
The assets upward movement is seen as a response to Elon Musk’s recent Twitter acquisition. Doge has reclaimed its position on the list of top 10 highest rated virtual properties by market cap.
The top meme token contender Shiba Inu has also seen a 17% increase with its market value moving around $0.000013.