New Delhi, 28/3: After a big drop, Dogecoin is once again in demand. It rose up to 10 percent during Monday’s trading. The market cap of the largest mime coin has once again crossed $20 billion. Its volume was also strong on Monday. Dogecoins worth over $1.5 billion were bought and sold in the last 24 hours.
Analysts said that Elon Musk’s tweet has again started the rally in Dogecoin. Musk, the owner of Tesla Inc. is also known as the ‘Doge Father’ among the followers of cryptocurrency.
Musk tweeted on Sunday that he is “seriously considering” the creation of a new social media platform. A day before this, he had put a poll on Twitter asking users whether they believed that the social media giant (Twitter) followed the principle of free speech.
When a follower suggested Musk buy the company (Twitter) and change Twitter’s bird logo to Dogecoin, the Tesla Inc. CEO indicated that he liked the idea.
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