The connection between Dogecoin and Elon Musk has turn into well-known inside the cryptocurrency group. Musk has constantly displayed his affinity and assist for the outstanding meme coin by way of varied actions. Nevertheless, current developments have led to a lawsuit, with Dogecoin traders accusing Musk of insider buying and selling involving Dogecoin.
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Musk’s involvement has been instrumental within the transformation of Dogecoin from a easy meme to its present place. His tweets about Dogecoin, acquisition of Twitter, and up to date alternative of the Twitter brand with the Dogecoin image have all contributed to driving up the value of DOGE.
Now, the biggest meme coin has displayed a surge in its worth. The surge in worth follows a current tweet by Musk.
DOGE surges by 4% following Musk’s tweet
Information from CoinMarketCap reveals that the value of DOGE has surged from a 24-hour low of $0.06774 to a excessive of $0.07121. Nevertheless, DOGE has dropped in worth and is buying and selling at $0.07008 with a 3.3% surge at press time.
The current surge within the worth of Dogecoin comes after fairly a while, as Musk hasn’t commented on Dogecoin in current instances. When Musk acquired Twitter, hypothesis was excessive that DOGE could be integrated into Twitter. Nevertheless, no data relating to that has been shared by Musk.