Dogecoin price surged 10% in 24 hours to reach its highest level in close to three months, contributing to the global meme coin market cap rising 3.6% to $62 billion. The price boost came amid broader optimism in the entire crypto space, which had Bitcoin at over $68k, and was likely boosted by positive sentiment following latest comments by Tesla CEO Elon Musk.
Dogecoin is known to have benefited from Musk’s endorsement in the past.
