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Dogecoin (DOGE) Soars by 6% as Market Struggles — Here’s the Reason Why!

It’s a wild west kind of day in the crypto world and prices are tumbling down like tumbleweeds! But hold onto your hats folks, because Dogecoin (DOGE) is bucking the trend and seeing a resurgence in price, with a 6.03% bump to $0.09384 according to CoinMarketCap.

As a cryptocurrency that loves to live life on the edge, dogecoin is always ready for some good news or bad news. The current positive vibe is all thanks to the electrifying news that Twitter, owned by tech magnate Elon Musk, is full steam ahead with its plans to revolutionize payments.


A Masterstroke By Elon Musk

As Elon has hinted before, he’s all about incorporating digital currencies into his world domination plans. And now, the Financial Times (FT) has revealed that a secret squad, led by the mysterious Esther Crawford, has been tasked with bringing the payment feature to life.

Twitter wants to be your one-stop-shop for chatting and mobile money transfers, and Elon Musk is all for it. He’s a big believer in digital currencies and of all the 22,000+ coins out there, his favorite is dogecoin.

In fact, Elon’s already put his money where his mouth is by making dogecoin a payment option for some of Tesla’s products. And if the rumors are true and dogecoin becomes a part of Twitter’s payment feature, this meme coin could soon become the king of crypto payments. Investors are starting to take notice and stack up on DOGE, so get ready for the ride.