Dogecoin has doubled in value in a week thanks to Elon Musk

Over the past seven days, Dogecoin (DOGE) has become the best virtual asset in the top 100 list. As of the last day of October, the meme coin’s quotes increased by 97.25%, and its profitability amounted to $ 15.54 billion. During the week, traders made trades worth $ 21.4 billion. At the time of writing, DOGE is trading at $ 0.12.

Industry experts logically attributed such a strong interest in the meme-coin to the fact that Elon Musk became the full owner of Twitter. The billionaire has repeatedly spoken positively about the prospects of the DOGE cryptocurrency. Earlier, we reported that thanks to the purchase of Twitter, the value of Dogecoin increased by 150% in just 4 days. However, cryptocurrency analysts suggest that the price of DOGE could fall by 60% by the end of this year.

The Klaytn (KLAY) cryptocurrency grew by 55.2% over the week. The rate of the virtual asset was fixed at $ 0.278. In 7 days, traders made $ 1.64 billion worth of transactions.

Third place in the list of profitable cryptocurrencies went to Mina (MINA). The digital asset broke into the top 100 and settled on the 78th line. The MINA rate has increased by 27.18% over the past seven days. At the time of writing, the cryptocurrency is trading at $ 0.671, with a market capitalization of $ 318.3 million.

The main outsider of the week was the Aptos virtual coin (APT). The asset’s price fell by 15.7%, and it is currently trading at $ 7.92. The total number of coins circulating on the market amounted to $ 1.02 billion.