Dogecoin rallies after Elon Musk’s Twitter takeover

Quick Take

  • Dogecoin was up 116.7% over the last week, after billionaire Elon Musk took over Twitter.
  • Musk has floated allowing users to pay for Twitter’s premium features using dogecoin.

Dogecoin was up 51.9% percent on Saturday afternoon, after billionaire and dogecoin fan Elon Musk finalized his Twitter takeover. 

Dogecoin was trading at $0.128303 on Saturday afternoon, according to CoinGecko. The memecoin’s value has surged over the last four days, when Musk’s long-awaited acquisition became official. 

Musk has called dogecoin “the people's crypto” and floated allowing users to pay in dogecoin for premium Twitter features. 

The memecoin has seen a 116.7% price increase in the last week, and was ranked as the eighth largest cryptocurrency on CoinGecko’s platform. 


© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.