The post Here’s Why Dogecoin (DOGE) Is The Current Top Choice For The Crypto Whales  appeared first on Coinpedia Fintech News

The largest meme coin by daily traded volume and growth prospects, Dogecoin (DOGE), has significantly outperformed most of the top digital assets in the past few weeks. Having been in existence since December 6th, 2013, and heavily bolstered by Elon Musk, Dogecoin has gained popularity amongst both novice and whale traders.

The crypto asset recently gained fresh momentum after its “godfather”, Musk, acquired Twitter Inc. for a whopping $44 billion. According to our latest crypto price oracles, Dogecoin more than doubled in value after Musk completed the Twitter acquisition.

“Trading dogecoin around Elon tweets has become a lucrative form of speculation,” said Matthew Dibb, chief operating officer of Singapore-based crypto investment manager Stack Funds.

Notably, DOGE is exchanging around $0.094 on Tuesday, December 13, up approximately 6 percent in the past 24 hours. The Dogecoin ecosystem enjoys a market capitalization of roughly $11,979,115,515, with most of its volume – $548,856,466 in the past 24 hours – coming from decentralized exchanges.

Dogecoin Price Steals the Show as Crypto Winter Continues

Dogecoin (DOGE) has regained whale’s interest in the past 24 hours, particularly on the Binance Smart Chain (BSC). According to aggregate data from WhaleStats, DOGE is back on the top 10 digital assets purchased by the 100 biggest BSC whales in the last 24 hours.