Dogecoin price increased by almost 10% after buying Twitter, Ilon Mask

Over the past day, Dogecoin (DOGE) – “Favorite Cryptocurrency” Ilona Mask – has risen in price by 9.7%, according to Coingeco.

At the time of writing, the asset is traded at $ 0.085. Near these marks DOGE has not been since mid -August. As can be seen on the graph below, the increase in price is accompanied by a surge of the volume of trading.

Over the past week, the Critical Meme has risen in price by 43.1%. In terms of height per day and seven days, Doge overtook all the assets from the top 10 according to capitalization.

Dogecoin moved to growth on October 27 after Musk published a video of visiting Twitter headquarters.

On October 28, it became known that the billionaire closed the deal to buy a social network. The company left its CEO paragraph Agrav and the financial director of Sigal Ned, as well as the head of the Legal Policy Department Vidzha Gadde and the chief legal adviser Sean Ejett.

Later Musk published a tweet with the phrase “Let good times come”. In response, the ex-head of Microstrategy and Bitcoin-maximalist Michael Seilor noted that Twitter should not limit freedom of speech.

Twitter Shall Write No Code Law Abriding the Freedom of Speech, Or of the Press; Or the Right of the People Peaceably to Assemble, https://gagarin.news/news/crypto-leaks-a-new-round-in-the-fight-against-digital-fraud-and-corruption/ and To Petition The Government for a Redress of Grievces.

– Michael Saylor⚡️ (@saylor) October 28, 2022

Recall, Musk is actively promoting meme-critical. In April 2022, the businessman proposed reducing the cost of Twitter Blue subscription and provide users with the ability to pay for the premium service in Doge.

In June, Musk confirmed his support for Dogecoin, despite the bear market. Then he stated that Tesla would continue to sell goods for DOGE and soon SpaceX will follow this example.

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