Recently, Tesla CEO Elon Musk took over Twitter, and this has caused Dogecoin value to soar in in 5 days
Recently, Musk's successful acquisition of Twitter has caused a lot of uproar. Surprisingly, just after Musk successfully acquired Twitter, the virtual currency "Dogecoin" actually ushered in a wave of appreciation.

It is reported that the value of Dogecoin began to slowly decline in the months after the 2021 high, and then stabilized around May 2022.

However, when Musk announced that the deal with Twitter had been finalized, the value began to climb rapidly. And the reason is most likely due to some speculation that Musk will turn Dogecoin into some kind of official Twitter token.

Back in 2014, Dogecoin was practically worthless at around $0.0003 per coin, and even at its "peak" period, its all-time high was only $0.74. As of Oct. 25, Dogecoin was worth about $0.06 per coin, and as of Oct. 31, that figure had climbed to around $0.13.

Dogecoin is a meme coin, and because the amount of this coin in circulation is basically unlimited, its value is very low, and many experts do not recommend investing in this currency.

Despite this reality, many people are happy to invest in this coin. Maybe for some people, it doesn't matter whether it can make money or not, as long as it can make money, they are willing to invest.


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