Hi all!
The price of Dogecoin rose by almost 10% after the purchase of Twitter by Elon Musk.
Over the past 24 hours, Dogecoin (DOGE), Elon Musk’s “favorite cryptocurrency,” has risen in price by 9.7%, according to CoinGecko.
At the time of writing, the asset is trading at $0.085. DOGE was not close to these marks in August with suspicion. As you can see in the chart below, the rise in prices is accompanied by a surge in trading volumes.
Over the past week, the meme-cryptocurrency has risen in price by 43.1%. In terms of growth in a day and seven days, DOGE overtook all assets from the top 10 in terms of capitalization.
Dogecoin moved higher on October 27 after Musk posted a video of a visit to Twitter headquarters.
On October 28, it became known that the billionaire closed the deal to buy the social network. The company’s CEO, Parag Agrawal, and CFO Ned Segal, as well as head of legal policy Vijaya Gadde and general counsel, Sean Edgett, left the company.
