Over the past 24 hours, the DOGE rate has increased by more than 8% to $0.065. The capitalization of the cryptocurrency on the night of Wednesday, October 5, reached $8.613 billion. Its rebound was again provoked by Tesla CEO Elon Musk.
The rally was the result of another hype in social networks caused by Musk's statement about his willingness to buy Twitter Inc. for $25 billion. That is, a businessman is ready to pay $ 54.2 for each share of the company, Bloomberg reports.
Elon Musk sent his proposal to the board of directors of Twitter Inc., but his representatives have not yet published any official comments.
Against the background of the still unconfirmed information appearing in the media, Twitter shares soared by 18%. For the first time, the CEO of Tesla expressed readiness to acquire the company in April also for $ 25 billion, but then he refused the deal.
In addition to Twitter, the capitalization of Dogecoin has grown dramatically. This digital currency enjoys the support of Musk.
He recently announced that he is collaborating with the developers of the coin and its blockchain in order to improve the network's throughput capabilities.