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Dogecoin is up over 20% in the last few hours as Elon Musk expresses his support for the memecoin

Elon Musk, the Tesla billionaire and long-time fan of dogecoin, has reaffirmed his support for the meme-based bitcoin competitor, causing its price to rise by roughly 20% just weeks after ridiculing famed investor Warren Buffett for attacking bitcoin.

Musk previously stated that if he is successful in taking Twitter private, he will target crypto frauds and bots, and that the subscription cost for Twitter Blue may be paid in dogecoin.

Musk responded to Billy Markus, the co-creator of Dogecoin, on Twitter.

Following news of Musk’s $44 billion proposal to take Twitter private, the price of dogecoin has soared.

Particularly, on speculation that Musk may integrate dogecoin into Twitter, potentially allowing users to pay with it.

However, dogecoin has dropped nearly 90% from reaching an all-time high of over 70 cents last year. Of course, pushed by Musk and high-profile investors.

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My Name is Will. I'm a News/Content Writer and SEO Expert. I have good way of using good English construction to write credible articles ranging from News Articles to Creative Writing all around Cryptocurrency Industry. I have actively worked and still working with Crypto startups and have maintained credibility in the Cryptocurrency space.

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