Meme coin Dogecoin climbed 6% in the last 24 hours after Tesla entrepreneur Elon Musk, its most famous backer, became Twitter’s largest shareholder.
Musk, who also owns SpaceX, bought a $2.9 billion stake in the social media network, which he has used in the past to stoke interest in DOGE among his more than 80 million followers.
He now owns 9.2% of Twitter, more than four times the amount held by founder Jack Dorsey.
The meme coin was created as a satire on the hype surrounding cryptocurrencies but is now a major player in the space.
DOGE reached 15.5 cents by the time of writing (7am UK) thanks to the rise, which leaves it 5% up over the course of a week.
Market leader Bitcoin – the original cryptocurrency created by the mysterious Satoshi Nakamoto – gained 1% in the last 24 hours.
BTC is above $46,700 yet down 2% in a week.
Ethereum, the second most valuable crypto coin – created as a decentralised network for smart contracts on the blockchain – gained 0.5% to move away from $3,500.
ETH, set for a huge upgrade soon, is up 3% over the course of a week.
Binance Coin is a cryptocurrency created by popular crypto exchange Binance to assist its aim in becoming the infrastructure services provider for the entire blockchain ecosystem.
Its BNB token gained 1% to reach $453, leaving it 4% up over seven days.
Solana is a blockchain built to make decentralised finance accessible on a larger scale – and capable of processing 50,000 transactions per second.
Its SOL token lost 2% to $133 but is 20% up on its price last Tuesday morning.
Terra, described as a programmable money for the internet and the year’s stellar performer, added 1%.
Its payment token LUNA is now at $116, 11% up in a week.
The XRP token of Ripple, a payment settlement asset exchange and remittance system, acts as a bridge for transfers between other currencies.
XRP shed 1% to below 83c, which leaves it 6% down over seven days.
Cardano is an open source network facilitating dApps which considers itself to be an updated version of Ethereum.
Its ADA token, designed to allow owners to participate in the operation of the network, gained 1% to $1.20. It is down 2% over the course of a week.
Avalanche, a lightning-quick verifiable platform for institutions, enterprises and governments, came out of nowhere months ago to break into the top 10 currencies.
Its AVAX token is at $96.59 following a 1% loss in the last 24 hours, yet up 2% in a week.
Polkadot was founded by the Swiss-based Web3 Foundation as an open-source project to develop a decentralised web.
Its DOT token, which aims to securely connect blockchains, remained around $22.90 and is 1% higher than its price a week ago.
The overall market cap of the almost 18,700 coins is at $2.17 trillion, a 0.7% increase in the last 24 hours.
To see how the valuations of the main coins have changed in the last few days, click here.
For valuations of the top 250 coins by market cap plus 24-hour price change and volume traded, see below.
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