and CoinMarketCap, the number of Dogecoin traders has not changed significantly, which indicates that the price increase is backed by a change in investor sentiment.According to crypto market capitalization excluding Bitcoin, the market has gained back almost $100 billion in the last three days. The data correlates with the average price action on altcoins like Doge, Shiba and Matic.
At press time, Dogecoin is trading at $0.17, showing its first short-term rally time since the end of December. The last time meme-coin investors experienced strong market performance from the coin was Dec. 14, when Tesla announced the acceptance of Dogecoin as a payment tool for its products.
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