Cryptocurrency

Meme coin Dogecoin and its Ethereum-based spinoff SHIBA INU saw a second day of huge gains following a tweet from Elon Musk earlier in the week.

The Tesla and SpaceX boss is a famous backer of DOGE and his social media activity can send the coin up seemingly at will.

DOGE followed an 11% jump in the previous 24 hours with a 9% gain to top 26 cents at the time of writing (7am UK). It is 31% up in a week. 

SHIBA INU (SHIB) was again the biggest mover by a country mile, following a 55% boost from Monday to Tuesday with a further 70% gain into Wednesday on the back of the tweet. It is 215% up over seven days.

Market leader Bitcoin (BTC) broke through $51,500 thanks to a 4% rise and is 22% up over seven days.

Smart contract blockchain platform Ethereum (ETH), the world’s second most valuable crypto, climbed 3% to close on $3,500. It is 20% up in a week.

Binance Coin (BNB) consolidated its recent strong performance with a less than 1% gain to $432. Still above Cardano in third place by market cap, its seven-day price is up 26%. 

The proof-of-stake blockchain platform’s ADA token, in contrast, lost less than 1% to $2.20 yet is 5% up over seven days.

IT must remain a boardroom priority

Solana was leapfrogged by XRP in the valuation table after dropping 6%. SOL is valued at $157 yet is 13% up in a week, while Ripple’s coin – now sixth by market cap – is at $1.06 thanks to a 1% climb and 16% up over seven days.

Polkadot (DOT) improved by 2% to $30.58 and is 11% up in a week.

The overall market cap of the more than 12,300 coins is at $2.21 trillion, a 2.6% rise in the last 24 hours.

To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below.