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. 

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