Dogecoin Is Raising After Elon Musk’s Twitter Deal Closes

On Friday, the multibillionaire entrepreneur is expected to complete the sale of the social networking site.

As billionaire Elon Musk’s acquisition of Twitter neared completion, the well-known meme currency dogecoin (DOGE) saw a gain of over 16% over the previous day.
The $44 million agreement involving the Tesla creator is anticipated to finalise on Friday.

DOGE, which has grown to serve as a stand-in for opinion on Musk, has received significant backing from Musk. The token’s price has continually been affected by the entrepreneur’s comments about it.

The most recent trade price for DOGE was little over 7 cents. For the most of the previous six weeks, it had been stuck below 6 cents. DOGE was trading at 25 cents a year ago.