Analysts note that many cryptocurrencies began to show bullish dynamics after a long lull. Dogecoin has attracted particular attention. Over the past 24 hours, it has added 10.96% in price. Thus, its current price is $0.06813, and the market capitalization is estimated at $9.03 billion. It is possible that the coin will reach new market extremes.

Also, the decision of Elon Musk to become the owner of Twitter can influence the success of the coin. The deal is coming to an end and should be completed by the end of October.

Experts note that 85 DOGE crypto-kits were recorded, which made transactions in the amount of at least $100,000.

In addition to this, the number of holders of the meme-coin has also increased. Over the past 3 months, the platform has added 100 thousand accounts. Experts additionally noticed the activation of strong buyers, as the capitalization of the crypto market grew by 5.8% per day.