Dogecoin (DOGE), the largest meme coin in the crypto market, has been arguably the best-performing altcoin in the market over the past week, with Tamadoge (TAMA) not so far behind.

DOGE & TAMA Price Movement

DOGE has outperformed the broader market and several other top coins, and its investors are currently excited as it continues to break new ground.

Presently, DOGE trades at $0.14, marking a downtrend of 5.15% in the past 24 hours. The broader crypto market appears to be retracing, but DOGE has pumped by 109.33% in the past week.

DOGE’s price pump has positively affected several other meme coins well. Most other crypto assets in this sub-category have seen their prices surge significantly, including Tamadoge (TAMA), the native token for the upcoming Tamadoge gaming ecosystem.

The digital asset currently trades at $0.029, which indicates a downtrend of 19.25% in the past 24 hours. However, on the weekly chart, TAMA has pumped by 16.66%.

Elon Musk’s Twitter Takeover Sparks Market Rally

The primary reason for the bullishness in DOGE’s spruce has been the takeover of Twitter by Elon Musk. After months of legal back and forth, Musk—arguably the most notable of DOGE fans in the world—finally took control of the social media giant.

The billionaire has wasted no time stamping his authority by firing Twitter’s Chief Executive Officer, Parag Agrawal, and several other leading C-suite members as he hopes to shape the platform as he sees fit.

Musk’s Twitter takeover has led to massive speculations that he could have something big for DOGE in the works. With Twitter already taking a pro-crypto approach at the hands of Agrawal and founder Jack Dorsey, it shouldn’t be so difficult for Musk to continue on that path.

So far, the billionaire has yet to make any pro-crypto announcements. His objective has been to find a way to monetize Twitter better. Musk has put forth different proposals, including a monthly $8 payment for verification badges and an end to ad-free articles on Twitter Blue.

However, crypto enthusiasts hope that DOGE could somehow make its way to Twitter.

Tamadoge NFTs Go Live

Regarding Tamadoge, there is also some bullish momentum thanks to the launch of new Common non-fungible tokens (NFTs) that will be part of the Tamadoge game when it launches.

The NFT drop, which began last week, will allow community members to purchase Tamadoge NFTs on OpenSea for just 0.2 ETH. These NFTs feature unique backgrounds and fashion trends and will be part of the digital pets that will be available once Tamadoge’s gaming metaverse launches.

Common NFTs are a category of NFTs available on Tamadoge. Other include the Rare and Ultra-Rare NFTs available, all of which will offer heightened functionalities for the pets they represent. Players who purchase these NFTs will have higher chances of winning battles when Tamadoge launches, increasing their chances of earning TAMA.