Why is Dogecoin pulling higher today?

Dogecoin (CRYPTO: DOGE) traded 14% 24-hour high at $ 0.3376 early Monday.

What is moving? DOGE has increased 40.04% over a seven-day period at the time of going to press.

Against the main cryptocurrencies Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), DOGE traded 8.39% and 8.66% respectively higher.

DOGE’s 30-day returns stand at 91.1% as they have soared to 5,798.26% year-to-date.

See also: How to buy Dogecoin (DOGE)

Why is it moving? DOGE traded higher in tandem with the major cryptocurrencies on Sunday night.

Shiba Inu-themed cryptocurrency broke 30 cents on Sunday after Tesla Inc (NASDAQ: TSLA) CEO Elon musk agree with the host of “Shark Tank” Marc Cuban on social media that DOGE is the most powerful cryptocurrency as a medium of exchange.

The hashtag # DogeCoinTo1Dollar trending on Twitter Sunday pushed by Youtuber Mark Wallace and others.

DOGE was the second most mentioned cryptocurrency on Twitter Inc (NYSE: TWTR) behind BTC, according to Cointrendz.com.

Tim Draper-backed Unocoin Technologies’ CEO Satvik Vishwanath meanwhile, said DOGE’s growth was due to “the hype and trends” and those calling for the meme hype have “no understanding of the market.”

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