Dogecoin was up 51.9% percent on Saturday afternoon, after billionaire and dogecoin fan Elon Musk finalized his Twitter takeover.
Dogecoin was trading at $0.128303 on Saturday afternoon, according to CoinGecko. The memecoin’s value has surged over the last four days, when Musk’s long-awaited acquisition became official.
Musk has called dogecoin “the people’s crypto” and floated allowing users to pay in dogecoin for premium Twitter features.
The memecoin has seen a 116.7% price increase in the last week, and was ranked as the eighth largest cryptocurrency on CoinGecko’s platform.
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Stephanie is a senior reporter covering policy and regulation. She is focused on legislation, regulatory agencies, lobbying and money in politics. Stephanie is based in Washington, D.C.
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