Why did Dogecoin experience a surge after the Elon Twitter deal?

1 answers

• nejitaiheiJan 12, 2021 · 5 years ago
  The surge in Dogecoin's value after the Elon Twitter deal can be attributed to a combination of factors. Firstly, Elon Musk's tweets have a significant impact on the cryptocurrency market, and his tweets about Dogecoin created a sense of excitement and curiosity among investors. This increased interest led to a surge in demand for Dogecoin, driving up its price. Secondly, Musk's involvement in the Elon Twitter deal brought more attention to Dogecoin and increased its credibility. This increased attention and credibility attracted more investors, further boosting the surge in value. Lastly, the overall positive sentiment surrounding the Elon Twitter deal and the potential for future collaborations between Musk and Dogecoin also played a role in the surge in value.
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