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Did Dogecoin price increase due to the “Twitter Coin” rumor?

Did Dogecoin price increase due to the “Twitter Coin” rumor?

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Answer Did Dogecoin price increase due to the “Twitter Coin” rumor?

Dogecoin (DOGE), is the world’s largest meme cryptocurrency.

The price of DOGE has skyrocketed amid persistent rumors of Twitter launching its own cryptocurrency, Twitter Coin.

As expected, once Elon Musk takes over the social media company, his favorite meme digital currency will be integrated one way or another.

Dogecoin price hike:

Dogecoin price jumped more than 6% in response to the “Twitter Coin” rumor.

Its price has also increased by 13% over the past seven days.

Where the price of DOGE traded at an average of $0.104.

Then the price of the currency fell to trade at the time of preparing the article for the price of 0.100

Read:El Salvador begins implementing a Bitcoin mining plan based on volcanic energy

Several reports indicated that Twitter is developing a monetization tool, including adding a digital currency as a means of payment and dealing on the platform.

Is the time right to invest in DOGE?

It is still not clear whether the social media giant will choose Dogecoin or another cryptocurrency.

Several trackers have reported that there is no indication in the code that the digital currency is DOGE.

Earlier, Billy Marcus, founder of Dogecoin, shared his issue regarding banned accounts tweeting about the coins meme.

Read:Bitcoin Drops to $18,000, Altcoins Lose $80 Billion

To this, Elon Musk replied that his team was being tough on spam.

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