Why is Dogecoin (DOGE) going up? (April 4, 2023)

Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. Inspired by the “doge” meme, which is quite famous on social media, it was launched by Jackson Palmer and Billy Markus in Dec. 2013 to make fun of the cryptocurrency boom of the period.

DOGE is up 25.18% in the last 24 hours. DOGE's trading volume in all markets has increased by approximately 494% in the last 24 hours. Twitter CEO Elon Musk has replaced the Twitter logo with the Dogecoin logo. We can say that this development has led to the rise of DOGE.