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Why Dogecoin Was Climbing Today

TheMotleyFool

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Dogecoin (CRYPTO: DOGE), the Shiba Inu-themed cryptocurrency, was climbing today, outpacing Bitcoin and Ethereum as Dogecoin bulls took advantage of the recent sell-off.

The crypto coin's price spiked overnight on heavy volume, potentially indicating a large purchase in China, as a significant portion of Dogecoin mining is done there and much of the currency is owned by just a few "whales," or major players who control the market.

As of 11:05 a.m. EDT, Dogecoin was up 5.5% over the last 24 hours in its highest-volume trading day since June.

Source Fool.com

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