While Bitcoin, Ethereum, and the rest of the crypto market has barely budged on this Black Friday—but one digital asset is soaring: Dogecoin. 

The original meme coin, with a current market cap of $12.3 billion, is up 10.5% in 24 hours, trading hands for 9 cents, according to CoinGecko. That’s a far cry from DOGE’s all-time-high of 73 cents back in May 2021 when Dogecoin-pumper Elon Musk hosted Saturday Night Live.

In fact, Dogecoin, which was originally created as a joke but later became Elon Musk’s favorite digital asset, is the best performing major cryptocurrency in the past day. 

While Bitcoin, the largest digital asset by market cap, is down 0.5% over the past 24 hours; Ethereum has dipped by nearly 1%. 

The cryptomarket is still reeling after a brutal month: investor confidence has been shattered following news that FTX, once one of the biggest and most popular crypto exchanges, went bust. Nearly every major coin and token has experienced a sell-off this month as a result. 

(by Mat Di Salvo)