Dogecoin rose in value due to the news of Twitter’s purchase
Dogecoin meme token increased in price by 10% due to the news about Elon Musk's purchase of Twitter.
Billionaire Elon Musk plans to buy the social network Twitter for $43 billion. Due to this news, within an hour the Dogecoin cryptocurrency rate increased by 10% and reached $0.14. Now the coin is trading at $0.16. This is an article from platform CryptoDeFix.
Musk is an active supporter of Dogecoin. He has often mentioned the cryptocurrency in his tweets, and in January he encouraged McDonalds to accept Dogecoin as payment for a meal. Dogecoin is also actively used in Tesla's accessories store, and you can buy a belt buckle, an ATV, and other items with it.
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Decentralized cryptocurrency with an open-source system. It is a currency that is used by users of the Internet all over the world.
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