Dogecoin surges on Elon Musk’s Twitter deal
On October 27, Elon Musk closed his $44 billion deal to buy Twitter. This event has become the driving force that has steadily pushed Dogecoin up in recent days, gaining more than 100% in just 7 days. This milestone has pushed DOGE past ADA on the top cryptocurrencies list by market cap, which had a valuation of $16 billion.
According to the data from Intotheblock, 62% of the DOGE holders are in profit from where they initially purchased the token. There has been a spike in the profit of holders that went from 48% in May to 62%.