Dogecoin Surges Past 8 Cents Following Musk’s Twitter Rebranding
- Shams Ul Zoha
- July 26, 2023
- 1:32 pm
WHAT YOU SHOULD KNOW
- Dogecoin experienced an 11% surge, reaching a level above 8 cents, which it hadn’t achieved since May.
- Speculations are rising about potential Dogecoin integration after Musk’s Twitter rebranding to “X” and changes to his bio.
- The article provides insights into Musk’s past tweets about Dogecoin and its growth in value since his first mention.
On Tuesday, Dogecoin made headlines as it surged by 11%, surpassing the 8-cent mark for the first time since May. This significant increase followed Twitter’s rebranding to “X” and the changes made to Elon Musk’s bio, sparking speculation about the potential integration of Dogecoin into the social media platform. With Musk being a vocal supporter of the meme cryptocurrency, his tweets have historically led to price spikes and heightened volatility in the Dogecoin market.
The journey of Dogecoin can be traced back to April 2, 2019, when Musk mentioned it for the first time, stating that it might be his favorite cryptocurrency. Since then, Musk’s influence in the crypto world has grown, and he eventually acquired Twitter, further deepening his connection with the digital space. Now, as Twitter’s “X” rebranding is unveiled, experts and enthusiasts are keeping a close eye on the potential impact on Dogecoin’s future, especially with Musk’s interest in crypto integration for the platform.
Over the years, Dogecoin’s value has experienced significant growth, influenced by Musk’s engagement with the cryptocurrency. As the world’s richest individual and a well-known figure in the tech industry, Musk’s association with Dogecoin continues to generate curiosity and speculation about its potential as a global payment solution. With the recent Twitter developments and Musk’s involvement, the cryptocurrency’s trajectory remains a topic of interest among investors and enthusiasts alike.
Investing Salary provides free access to quality, truthful news for everyone, believing that information should be equally accessible. We hope that this will enable more people to stay informed about current events, understand their effects, and be motivated to take action.
If you feel that we have helped you get the right market knowledge please consider supporting us through Patreon. Even a single dollar counts.
Related news
Popular
