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Dogecoin surges 35% as Elon Musk's Twitter deal approaches close
Dogecoin (DOGE) is a memecoin, perhaps the first of its kind. It was created in 2013 as a joke intended to mock and trivialize the process of creating a new cryptocurrency out of thin air. Dogecoin has established itself as one of the largest cryptocurrencies in the world due to the friendly and enjoyable nature of the memes and community surrounding it. Dogecoin went through several large pumps and subsequent dumps before 2020, failing to gain significant traction. But after the memecoin gained steam throughout 2021, Dogecoin has come to be valued at more than $0.01 per coin. This is notable considering that more than 100 billion DOGE exists, and there is no upper limit. Elon musk dogecoin price Nevertheless, Musk could still use cryptocurrencies for peer-to-peer transfers or other payments. However, there hasn’t been much information on this front yet. Until a recent cryptic tweet, that is.
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There is speculation in crypto circles that Musk might be a large DOGE holder given his particular interest in the token. Notably, he dedicated a segment to it on his appearance on "Saturday Night Live" show in 2021 May, which coincided with DOGE hitting its all-time high price of 73 cents, according to CoinGecko. The token has lost some 90% of its market value since then. 1/1Dogecoin price surges 20% after Coinbase listing Article printed from InvestorPlace Media, https://investorplace.com/2022/12/dogecoin-price-predictions-where-will-doge-go-after-overtaking-coinbase/.
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Silbert posited in a Monday tweet that he couldn’t believe the thought of purchasing DOGE crossed his mind. This statement came shortly after Dogecoin’s biggest fan Elon Musk acquired Twitter for $44 billion. Once the deal is finalized, Twitter will become a privately held company. Which cryptocurrencies does Elon Musk hold? Se les animó a invertir sus ahorros en el mercado de acciones, se les ofrecieron aplicaciones móviles que lo facilitaban. Se les bombardeó con consejos e ideas desde los medios de comunicación dominantes. Se les dio dinero para gastar. Y los bajos rendimientos les impulsaron a subir la curva de riesgo.