Dogecoin (DOGE), the original meme cryptocurrency, is currently the best performing digital asset in the top 20 cryptocurrencies list. DOGE is currently trading at $0.088, up over 6% in the last 24 hours, according to CoinGecko.

While the rest of the cryptocurrency market is in the green, with Bitcoin up by 1.3% and Ethereum up by 5%, DOGE is leading the charge as the eighth largest cryptocurrency by market cap. DOGE's fluctuations in price in the past week can be attributed to the tweets of Elon Musk, the founder of Tesla and a cryptocurrency enthusiast.

Musk is known for tweeting about DOGE extensively, and last week, DOGE's logo briefly replaced Twitter's blue bird logo, causing the asset's value to surge. It is not currently clear why DOGE is performing so well, but news that Twitter has partnered with eToro to allow crypto and stock trading has contributed to the asset's success.

Musk has previously expressed his interest in integrating cryptocurrency payments into the website, with DOGE being the currency of choice. DOGE was created as a joke in 2013, but gained a cult following when Musk began promoting it on social media, with its market cap surpassing those of many S&P 500 companies at one point.

(By Mat Di Salvo)