Recently, Dogecoin has lost its position as one of the top coins slipping to 14th rank on CoinMarketCap. However, it quickly rose back into 10th place after today's news break that Elon Musk acquired Twitter. DOGE has been steadily rising since it hit a low at $0.1239, climbing up to around 20% higher. The DOGE market cap also jumped to $20.96 billion.