Dogecoin (DOGE) is up 7.7% over the past 24 hours, trading above its three-week high of $1.03 on Tuesday morning, according to data from CoinGecko.

The industry’s first and largest meme coin now boasts a market capitalization of over $14 billion—a hefty increase of roughly $1.5 billion since yesterday—and is also the best-performing digital asset among the top 10 largest cryptocurrencies on the day.

The latest price action comes in the wake of DOGE surging over 22.5% in a week’s time on Monday, most likely spurred by ongoing—yet unconfirmed—speculations that the meme coin could become part of Twitter’s potential plans for rolling out its own payment system.

At the time of writing, Dogecoin has spiked almost 38% over the week.

The latest spike in price comes amid continued turbulence in the crypto industry.

(By Andrew Asmakov)