Dodgecoin price jumps by 145 percent!

Elon Musk bought Twitter here and there was a tremendous jump in the prices of his favorite cryptocurrency ‘Dogecoin’. Let us tell you that billionaire Elon Musk has bought Twitter for $ 44 billion (about Rs 3.64 lakh crore), after which he has taken many big decisions in the company. Dogecoin (DOGE) was the top performer among the top 10 cryptocurrencies by market cap after this massive jump in the past few days.

According to CoinMarketCap, Dogecoin has seen a jump of 145 percent over the past week, with Mime Coin outperforming Bitcoin and Ethereum among the top 10 cryptocurrencies.

Dodgecoin’s massive rally came after Elon Musk completed the acquisition of Twitter for $44 billion. The Tesla CEO has been supporting Dogecoin for a long time. Due to his many activities, the price of Dodge has seen a jump in the past as well.

His support for this meme coin is reflected in a tweet in which he wrote “Who let the dodge out”. He is also known as ‘The Dodgefather’.

The DOGE cryptocurrency is down about 16% in price this year on a year-to-date basis, while Bitcoin is down about 55%.

Dogecoin was created in 2013 by software engineers Billy Marcus and Jackson Palmer. It started as a meme, after which the cryptocurrency market was flooded with meme coins.

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