Benzinga - Cryptocurrency Dogecoin (CRYPTO: DOGE) is soaring on Sunday. After rallying over 9% on Saturday, it traded above the 10-cent level on Sunday.
Doge closed at $0.08899 on Saturday, then spiked higher on Sunday, trading at $0.1035 at the time of writing, a 28% jump in the last seven days.
The recent price action in Dogecoin left the token's market capitalization at over $13.7 billion.
The crypto is still way off its all-time high of $0.737567, reached on May 8, 2021, when it was being promoted by Tesla CEO Elon Musk.
The meme coin was an outperformer among the top cryptocurrencies last week.
Also Read: Elon Musk Says Dogecoin Should Be 'More Currency-Like'
Dogecoin started Monday’s session around $0.077 and remained largely bound under the $0.082 level until Thursday.
After closing Thursday’s session at $0.081481, the dog-themed crypto rallied around 10% before settling at $0.089475 on Friday.
The trading volume for the DOGE has increased 116% over the past week, while the overall circulating supply of the coin has increased 0.15% to over 137.05 billion.
According to pseudonymous crypto analyst Kaleo, Dogecoin is always a “buy when it’s boring,” because during bull runs the cryptocurrency surges. “Be patient; sell when it has a massive pump,” he said.
Last week, Dogecoin co-founder Billy Markus said that DOGE at $1 would take its market capitalization above that of “actual companies that provide services to millions” like Boeing (NYSE:BA), Starbucks (NASDAQ:SBUX), American Express Company (NYSE:AXP), and his former employer IBM (NYSE:IBM).
“Does Dogecoin deserve that? That is not something I can comprehend, let alone answer,” Markus said.
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