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31 October 2022 | Other

Dogecoin gains as Elon Musk's deal with Twitter is completed

DOGEUSD

Dogecoin surged on Saturday, October 29, Reuters reported. The hike follows a $44 billion acquisition of Twitter by Elon Musk. 

The CEO of Tesla Inc. has always been an active advocate of cryptocurrency use, exerting a strong impact on Dogecoin and Bitcoin prices.

Earlier, the U.S. company started to accept Dogecoin as a payment method for its goods and services. Meanwhile, Musk's perfume line, launched in October 2022, is also available for sale via Dogecoin. 

The billionaire's tweets referring to Dogecoin as the "people's cryptocurrency" have turned the once little-known digital currency, launched as an Internet meme, into the dream of stock market speculators.

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