While various cryptocurrencies were heading down on Monday, the 25th, Dogecoin prices have risen sharply due to rumors of Elon Musk bidding for Twitter.
Elon Musk and Twitter Why Dogecoin Rises? In fact, the main reason is because Elon Musk once said that he wants to use DOGE coins as a means of payment and other donations on Twitter.
Therefore, this thinking makes crypto investors think that DOGE can have a long future on Twiiter, so the number of buyers of this coin has increased.
Meanwhile, Elon Musk has successfully completed another $ 44 billion bid for Twitter, and DOGE is now more popular in the crypto market.
In the last 24 hours, the DOGE coin has risen about 18.5% to $ 0.16 per coin as of the morning of April 26th.
In early 2022, Elon Musk also officially posted DOGE on Tesla for the purchase of certain products.