Dogecoin Up 9%, Doing Much Volume After Elon Musk's Twitter Takeover
Popular meme coin Dogecoin has jumped over 9% on the news that Elon Musk has officially taken ownership of Twitter and fired its top executives on Thursday. As of Friday morning, DOGE was the ninth largest cryptocurrency at an $11.5 billion market capitalization and trading at around $0.084—a high it’s not seen since August.
The only times DOGE has done more trading volume this year were when Musk said Tesla would accept the token as payment in January, when he announced that he would buy Twitter, and again when Twitter accepted the bid in April. The news about Musk wanting to buy Twitter kicked off wide speculation that he would decentralize the platform, and in doing so, make DOGE (his “favorite crypto”) a currency that could be used to pay for services, like Twitter’s Blue subscription.
Source
@Doge_ShibaInu
