As the price of shiba inu, dogecoin’s main rival, has skyrocketed, so has the number of whale transactions (SHIB). Shiba inu’s value has increased from $0.000008 on January 01 to $0.000012 today, a 50% increase.
Dogecoin prices have also been rising on rumours that Elon Musk, the owner of Twitter, is working to include cryptocurrency payments on social media.
The ardent supporter of DOGE is also renewing an offer he made around a year ago. Musk hinted that he would eat a Happy Meal on television if McDonald’s began taking his preferred crypto asset as payment. The offer was made about the fact that he would eat a Happy Meal on television.
The memecoin began the year with a price of $0.0701 and reached its all-time high of $0.0978 on Jan. 31, representing an increase of 39.5%. At the time of this writing, the ninth-largest cryptocurrency asset in terms of market value was selling for $0.0930.
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