Dogecoin rose in value due to the news of Twitter’s purchase
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. Data from company cryptodefix.com. Now the coin is trading at $0.16.
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.