Elon Musk Effect: Why Dogecoin Is Shooting Higher Today

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Dogecoin (CRYPTO: DOGE) shot up 6.14% over 24-hours to $0.24 early Thursday morning. What’s Moving? The Shiba-themed coin has fallen 2.81% over a seven-day trailing period. DOGE gained 6.14% against the apex cryptocurrency Bitcoin and fell 2.81% against the second-largest coin Ethereum. DOGE has soared 4074.77% since the year began. At press time, DOGE traded 67.82% below the $0.74 high it touched in May. See Also: How To Buy Dogecoin (DOGE) Why Is It Moving? The meme-centric coin traded higher

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