Dogecoin (DOGE) has experienced a remarkable price increase of nearly 10% in the past 24 hours. This surge is attributed to several significant developments in the Dogecoin ecosystem.
The launch of a zero-knowledge virtual machine (zkVM) on the Dogecoin network has notably enhanced its utility, contributing to the price increase. The zkVM introduction signifies a crucial advancement for Dogecoin, allowing for more sophisticated smart contracts on its blockchain.
Additionally, significant activity from 'whales'—large holders of Dogecoin—and continued support from influential figures like Elon Musk have further fueled the momentum, driving up the coin’s market value.
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