Dogecoin (DOGE) Adds 30% in Week, Market Cap Hits $30 Billion

Dogecoin (DOGE), the largest meme cryptocurrency by market capitalization, saw an incredibly successful week.

Meme coins are seeing incredible gains of up to 70% overnight in the small-cap scene, while the largest meme coin, Dogecoin (DOGE), is adding 30% over the week.

Dogecoin (DOGE) price analysis for today, Nov. 9, 2024: DOGE price reaches 7-month high

Dogecoin (DOGE), the first mainstream meme coin and the largest asset of this type, registered an almost 30% price increase in the last seven days. The dog-themed crypto became the best weekly performer in the top 30 while its capitalization exceeded the $30 billion mark.

Today, DOGE reached $0.21605, which is the highest price point in seven months. Its market capitalization peaked at $30.9 billion.

Dogecoin (DOGE) price chart for 09.11.24 on Binance

Dogecoin (DOGE) price reached $0.21605 on Nov. 9, 2024.

Dogecoin (DOGE) price rose following the recent announcement about the acquisition of Dogecoin Holdings by Spirit Blockchain Capital. As a reminder, Dogecoin Holdings is a corporation tasked with the implementation of Web3 solutions based on the Dogecoin (DOGE) blockchain.

Being an early proof-of-work cryptocurrency, a fork of Litecoin (LTC), Dogecoin (DOGE) by default lacks smart contracts functionality (programmability). As such, the major milestone for Dogecoin Holdings might give its adoption a boost.

In the top 100 cryptocurrencies, the meme coin segment is sending mixed signals. Neiro (NEIRO), the first-ever meme coin whose contract was created by AI, added over 65% in one week. Its market capitalization exceeded $1 billion.

By contrast, Popcat (POPCAT), the largest cryptocurrency in the "Murad's meme coins" list, is among the few coins that closed this amazing week for crypto in red — together with Mantra (OM), Tron (TRX) and Kaspa (KAS).

TON meme coins making comebacks; HMSTR leads parade

The optimism of the Dogecoin (DOGE) community is even more catalyzed by bullish DOGE price prediction shared by macro economist Raoul Pal.

Amid all meme coins, TON-based cryptos are demonstrating the most impressive daily gains. Notably, HMSTR, the core native cryptocurrency of the overhyped tap-to-earn Telegram app Hamster Kombat, jumped by over 66% in 24 hours as whale activity increased.

Moreover, both Dogs (DOGS) and Resistance Dog (REDO) are up by 26-27% each, while Notcoin (NOT), the largest TON meme crypto, added 16%.