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Cryptocurrency News

Dogecoin price risks 40% correction despite Elon Musk-Twitter euphoria

04/26/2022

Less than a minute

2022.04.26 14:01

Dogecoin (DOGE) prices flipped higher in the last 24 hours after its most celebrated backer, Elon Musk, purchased Twitter (NYSE:TWTR) for $44 billion. At its best, Dogecoin had climbed to $0.17 on April 25, albeit still down 77% from its record high in May 2021.

DOGE’s price rose by nearly 25% to $0.15 on a 24-hour adjusted timeframe, confirming that traders considered Musk’s acquisition of Twitter a bullish event for Dogecoin.

Source

04/26/2022

Less than a minute