Will Twitter accept Dogecoin?

Given Musk’s long and usually Twitter-based ties to the infamous meme coin, some have begun speculating Twitter will accept DOGE as a payment method. Should this prove true, Dogecoin fans could see a rather handsome payoff. DOGE has already climbed more than 15% in the past two weeks, in no small part due to Musk’s Twitter takeover.

Why is Dogecoin up 35%?

Dogecoin, the cryptocurrency branded after a viral dog meme from 2013, is up 35% since Monday as Elon Musk’s deal to buy Twitter approaches a close. The price of the token often moves in lockstep with comments made by the Tesla CEO. Doge is up 10% in the last 24 hours after the SpaceX chief changed his Twitter bio to “Chief Twit” on Wednesday.

Did Dogecoin surge after Elon Musk bought twitter?

On Monday afternoon Elon Musk entered an agreement to buy Twitter for $54.20 per share, valuing the social media company at approximately $44 billion. And while shares of Twitter understandably rose over 6% after the deal was announced, it may come as a surprise that Dogecoin surged as well.

Why did Dogecoin double in October?

Dogecoin more than doubled in October after Musk, dubbed "the dogefather" by retail traders, sealed a $44 billion deal to take over Twitter. Cryptocurrency exchange Binance, which invested $500 million into Musk's buyout of Twitter, had said it was brainstorming strategies on how blockchain and crypto could be helpful to Twitter.