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Why Dogecoin Is Jumping Today

TheMotleyFool

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Dogecoin (CRYPTO: DOGE) is continuing to move higher in Thursday's trading. The meme coin's token price was up 3.1% over the past 24 hours as of 3 p.m. ET. Meanwhile, Bitcoin was up 0.1% over the stretch, and Ethereum's token price had risen 2.9%.

Dogecoin's valuation is rising today as the "Crypto Week" legislative sessions held by the House of Representatives have shined a spotlight on the industry and helped support bullish momentum. The cryptocurrency may also be getting a boost from news that a company is making the token central to its crypto treasury strategy.

Image source: Getty Images.

Source Fool.com

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