JAKARTA – The increase in the price of Dogecoin (DOGE) was apparently followed by a number of other meme tokens including Dogelon Mars (ELON) and Shiba Inu (SHIB). The skyrocketing performance a few days ago was triggered by the success of Dogecoin supporter, Elon Musk, who successfully acquired the social media platform Twitter.
The crypto meme market is experiencing a significant spike. According to a report from Bitcoin.com News, 24-hour statistics at 4 p.m. (ET) last Monday have shown the value of dogecoin (DOGE) soaring 26.3 percent against the U.S. dollar. Many believe the hike is based on speculation that Musk might implement Dogecoin payments into some of the services on Twitter.
A handful of meme coin assets followed DOGE's lead on Monday. Shiba inu (SHIB) jumped 1.7 percent and Dogelon Mars (ELON) was up 13 percent higher against the US dollar.
While DOGE, ELON, and SHIB have all seen percentage gains, the fourth-largest baby doge coin (BABYDOGE) asset is still down 0.8 percent at the time of writing. Flockey inu (FLOKI) on the other hand, jumped 2.1 percent higher.
Another important meme token increase came from coins such as kishu inu, Samoyedcoin, Catecoin, NFT doge shards, and Hoge Finance. The biggest gains among meme coins saw Litedoge (LDOGE) jump 162.6 percent higher and Vitoge (VITOGE) up 98.8 percent on Monday.
According to a data report from Coinecko today, Dogecoin is trading at Rp.1,996, a decline of about 13.3 percent in the last 24 hours.
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