Dogecoin Price Rises Almost 10% After Elon Musk Acquires Twitter

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Dogecoin price has risen y 9.7% following Twitter’s purchase by Elon Musk.

At the moment, the asset is trading at $0.11. The meme crypto has not been close to these marks since mid-August. The price increase is accompanied by a surge in trading volume.

Over the past week, the meme crypto has risen in price by 43.1%. In terms of growth in a day and seven days, DOGE overtook all assets from the top 10 in terms of capitalization.

Dogecoin moved higher on October 27 after Musk posted a video of a visit to Twitter headquarters.

On October 28, it became known the billionaire had closed the deal to buy the social network. The company’s CEO, Parag Agrawal, and CFO Ned Segal, as well as head of legal policy Vijaya Gadde and general counsel, Sean Edgett, left the company.