Dogecoin (
$0.085 ) rose over 7% in the last 24 hours, reaching 18 cents early Tuesday morning. While the meme token had fallen over 17% in the past 7 days, the cryptocurrency market is starting to recover, with the global market cap increasing more than 6%. As apex tokens like Bitcoin (
$62,603.00 ) and Ethereum (
$1,659.10 ) rose, Dogecoin ( $0.085 ) was able to gain steam given its popularity, especially among pundits like Elon Musk. Dogecoin ( $0.085 ) picked up more than 1% on both Bitcoin ( $62,603.00 ) and Ethereum ( $1,659.10 ) in the past 24 hours. Additionally, the meme token has gained over 3 thousand % on the year. However, metrics are indicating that DOGE might have entered “oversold territory,” meaning that investors might start buying once again. At press time, Dogecoin ( $0.085 ) was up nearly 8% on its 24-hour low, reaching 17.92 cents.
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