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Dogecoin Gains on Cardano as Market Cap Approaches $10.4 Billion

According to CoinGecko, Dogecoin's market cap is now almost equal to Cardano's at around $10.4 billion, with Dogecoin showing a 2.9% increase in the past 24 hours. Meanwhile, Ethereum remains steady at approximately $1,844, while Binance Coin and XRP have seen slight drops.

The surge in Dogecoin's value is attributed to Elon Musk's public support and tweets, as well as his recent rebranding of Twitter to 'X', which has sparked investor interest and triggered a price spike. Bitcoin's consolidation at around $30,000 is due to the market awaiting incremental information regarding ETF filings, while the increased enthusiasm for altcoins following the XRP ruling has diverted capital from major cryptocurrencies.

Bitcoin Bitcoin $94,191.22
-0.42%
Dogecoin Cardano Elon Musk
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