Dogecoin Jumps Over 10 Cents - What's Next For Memecoin?

Dogecoin cryptocurrency DOGE/USD soars on Sunday. After rebounding more than 9% on Saturday, it traded above the 10-cent level on Sunday.

Doge closed at $0.08899 on Saturday, then soared on Sunday, trading at $0.1035 at the time of writing, a jump of 28% over the last seven days.

Dogecoin's recent price action has left the token's market capitalization at over $13.7 billion.

The crypto is still far from its all-time high of $0.737567, reached on May 8, 2021, when promoted by Tesla CEO Elon Musk.

The meme coin performed best among the top cryptocurrencies last week.

Dogecoin started Monday's session around $0.077 and remained largely bound below the $0.082 level through Thursday.

After closing Thursday's session at $0.081481, the dog-themed crypto rose around 10% before settling at $0.089475 on Friday.< /p>

DOGE's trading volume increased by 116% over the past week, while the overall circulating supply of the coin increased by 0.15% to over 137.05 billion.

According to pseudonymous crypto analyst Kaleo, Dogecoin is always a "buy when it's boring" because during bull runs the cryptocurrency rises. “Be patient; sell when it has a massive pump,” he said.

Last week, Dogecoin co-founder Billy Markus said that DOGE at $1 would boost its market capitalization above that of "actual companies that provide services to millions" like Boeing, Starbucks, American Express Company, and his former employer IBM.

"Does Dogecoin deserve this?" It's not something I can understand, let alone respond to," Markus said.

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