#MuskEffect takes Dogecoin to the moon as the rest of the crypto market flashes green ahead of US Fed meet

Dec 15, 2021 Credit: Canva/BI India

Dogecoin jumped by double digits

Trading at $0.183, it’s up by 15.85 percent in 24 hours

The surge comes after Elon Musk was named TIME’s person of the year

Credit: TIME Magazine

Musk told the magazine that Dogecoin is better than Bitcoin for transactions

And, that Tesla will launching merch that can be bought using the meme coin Credit: Insider

Meanwhile, the global crypto market is seeing a rare day of green

The overall market value stands at $2.19 trillion, up by 2.39 percent in the last 24 hours

‘Sell the rumour, buy the news’

According to analysts, investors are betting on some good news from the US Fed later today Credit: Canva

Bitcoin is trading at $48,299

It’s up by 2.73 percent in the last 24 hours

Ethereum is up by 1.8 percent

It’s priced at $3,837

Binance Coin remains flat at $528.64

Solana is priced at $160.50

The ‘Ethereum Killer’ is up by 4.17 percent since yesterday Credit: Canva

Cardano is at $1.25

2.57 higher in the last 24 hours

Ripple’s XRP is trading at $0.8127

It’s up by 2.63 percent Credit: Canva

Polkadot remains flat at $26.28

Disclaimer

These are top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of December 15, 9.30 am IST and may change over the course of the day. Credit: Canva