Price of Meme Altcoin Dogecoin Rises by 25% in a Week

Dogecoin reached its highest level since the beginning of November yesterday. The altcoin broke above $1, whereas its capitalization has increased by almost 25% over the past seven days.

Last night, the DOGE price corrected to $0.094. Billionaire and businessman Elon Musk has once again sparked the recent Dogecoin rally.

He has announced a massive transformation of Twitter. His 119.2 million followers learned that Twitter 2.0 was coming soon. Moreover, Musk has hinted that the social network can integrate payments into DOGE.

After a series of Twitter 2.0 tweets by Elon Musk, the altcoin soared 19% to $0.107 in just a few hours.