Altcoins
Reading time: ~2 m
The billionaire posted a photo of a Shiba Inu dog. She is the symbol of the “meme” cryptocurrency
The Dogecoin rate has updated its maximum since April 26 at $0.146. Over the past day, the cryptocurrency has risen in price by 26%, its market capitalization again exceeded $20 billion, according to CoinGecko.
The altcoin rose sharply after the new head of Twitter, Elon Musk, posted a Halloween-themed post with a Shiba Inu dog. It is the symbol of the altcoin.
Dogecoin has continued to rise in price since October 26th. The latest wave of cryptocurrency growth started on the night of October 27, when Musk changed the status on his Twitter account to Chief Twit and posted a video of him appearing at the company’s headquarters in San Francisco with a sink in his hands.
In June, the billionaire advocated greater integration of payments on Twitter, including cryptocurrencies. The businessman has repeatedly spoken out in support of Dogecoin. For example, in May he argued that the altcoin has the potential to become a currency.
Elon Musk has already talked about the possibility of making payment for a premium Twitter Blue subscription service available in Dogecoin. Altcoin is accepted for payment by the transport network of the tunnels of the billionaire Loop in Las Vegas, and it could also be used to buy Tesla merchandise.
#Dogecoin #Elon #Musks #tweet
