Dogecoin soars amid hopes for Twitter integration

According to CoinTelegraph, the price of the cryptocurrency Dogecoin has changed significantly in the last week. After the acquisition of Twitter by Elon Musk, the price increased, thus, taking the eighth position in the world ranking of cryptocurrencies.

Even before Musk's acquisition of Twitter, there were rumors that Dogecoin could rise in value thanks to this deal. Amid such rumors, the cryptocurrency rose in reality, bringing investors a profit of more than 60%.

It’s no surprise that Dogecoin has risen in value a lot. After buying Twitter, Musk stated his desire to make Twitter a place where many functions are combined. Many investors hope Dogecoin will be integrated into Twitter in some form.

Last week, crypto blogger Matt Wallace shared his thoughts on the matter. He believes that once Dogecoin is integrated into Twitter, the potential of this cryptocurrency will be fully revealed. Cardano founder Charles Hoskinson believes that at this point, the integration of Dogecoin into Twitter no longer seems like a myth, but something real.