Dogecoin surged more than 70% on Saturday after Twitter’s acquisition by Elon Musk.
The Tesla Inc CEO, a cryptocurrencies supporter, has influences prices of Dogecoin and Bitcoin.
Musk tweeted that he will create a new twitter version, an “everything app”.
The blockchain intelligence platform IntoTheBlock, revealed that the Doge holders are “making money at current price”.
Doge holders have passed Bitcoin and Ethereum holders at 54% and 57%.
This is not the first time that Musk’s movements have encouraged Dogecoin’s price momentum.
In January announced that Tesla accept Dogecoin as payments and also Musk’s perfume brand. After that announcement, Dogecoin’s price increased by 17%.
SOURCE: CoinTelegraph
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Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
