Elon Musk Powers Dogecoin Rally — Meme Coin Jumps Over 7% After 'DOGE Will Fix It' Post

Elon Musk's favorite cryptocurrency, Dogecoin (CRYPTO: DOGE), became one of the biggest market gainers in the last 24 hours, most likely due to his social media activity.

What happened: The biggest meme token by market cap, DOGE, bounced more than 7% in emerging as the third best-performing cryptocurrency in the last 24 hours. 

The coin's trading volume soared by 70%, making it the most traded meme coin in the last 24 hours.

With the latest rally, DOGE's weekly and monthly gains lifted to 15.50% and 24%, respectively.

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Full story available on Benzinga.com