Dogecoin intraday trading volume skyrockets by over 300%

Over the past 24 hours, Dogecoin (DOGE) trading volume has soared 374% to $1.38 billion.

The altcoin jumped more than 10% this week to $0.077, its highest level since early June 2023. Capitalization of Dogecoin increased to $10.918 billion.

Elon Musk once again provoked the DOGE rally. He announced a change in the Twitter logo. Rebranding to “X” led to an increase in network activity. The result of its surge was an increase in the value of the altcoin.

In April, Twitter users called on Elon Musk to make the Dogecoin digital currency symbol the logo of the social network. Then she also confidently added against the backdrop of high transactional activity.

DOGE even overtook Bitcoin and Litecoin in the number of daily transactions on the blockchain.