Dogecoin: $1 billion worth of DOGE transferred recently as speculation continues DogeFam Dogecoinrise Dogecointothemoon $DOGE
Dogecoin is witnessing a sell-off after an impressive rise in late October. Dogecoin's price doubled after Tesla tycoon Elon Musk completed the $44 billion Twitter deal. It was trading near $0.07 on Oct. 27 before Musk tweeted"the bird is freed" to announce the acquisition. It rose to $0.16 five days later.
Crypto observers claimed that investor bets that Musk will integrate DOGE into the platform's payment mechanism were what drove the price increase. Dogecoin has since lost some of its gains, and the dog-themed cryptocurrency might be on track to mark its sixth day of losses since Nov. 1. The bulls got a little respite on Nov. 4, but the rebound was short-lived. At the time of publication, DOGE was changing hands at $0.1026, down 11.23% in the last 24 hours, per
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