The post DOGE Price : Dogecoin To The Moon! Is This The Right Time To Increase Your Holdings? appeared first on Coinpedia Fintech News

The recent acquisition of Twitter by Tesla CEO Elon Musk is sparking surges in his favourite cryptocurrency Dogecoin.

According to CoinMarketCap, Dogecoin has become highly traded in the crypto market as it gained over 70% in its value in the last few days and nearly 30% in the last 24 hours.

Starting as a joke, it now seems that investors are gaining trust in Dogecoin as Elon Musk successfully established himself on Dogecoin to be a reason for investment. 

DOGE Gains Traction

The ongoing crypto winter is now fading away as several cryptocurrencies, including leading digital assets and altcoins, are now benefiting from the rally- surges that are led by Bitcoin, Ethereum and Dogecoin.

The current interest rate hikes to control unexpected inflation rates have brought the worst price levels to leading altcoins like Dogecoin.

However, there are some key factors pushing the community-favourite meme coin to the North. Dogecoin supporter Elon Musk’s recent acquisition of Twitter worth $44 billion sent Dogecoin to double-digit gains today.

Furthermore, the billionaire Musk also made a proposal previously to digitize the payments on Twitter with crypto by adding Dogecoin as a payment method.