{"id":69259,"date":"2022-10-28T18:28:03","date_gmt":"2022-10-28T15:28:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69259"},"modified":"2025-09-07T18:54:39","modified_gmt":"2025-09-07T15:54:39","slug":"dogecoin-rises-nearly-10-after-elon-musks-twitter-purchase","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dogecoin-rises-nearly-10-after-elon-musks-twitter-purchase\/","title":{"rendered":"Dogecoin rises nearly 10% after Elon Musk’s Twitter purchase"},"content":{"rendered":"

In the last 24 hours Dogecoin (DOGE) \u2014 Elon Musk’s ‘favourite cryptocurrency’ \u2014 rose 9.7%, according to CoinGecko<\/a>.<\/p>\n

At the time of writing, the asset was trading at around $0.085. DOGE hadn’t traded near these levels since mid-August. As shown in the chart below, the price rise is accompanied by a surge in trading volume.<\/p>\n

\\\"Dogecoin
Daily DOGE\/USD chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n
\\\"Dogecoin
Data: CoinGecko.<\/figcaption><\/figure>\n

Dogecoin rose on October 27 after Musk published<\/a> a video visiting Twitter’s headquarters.<\/p>\n

On October 28 it emerged that billionaire completed the deal to acquire the social network<\/a>. The company was left by its CEO Parag Agrawal and chief financial officer Ned Segal, as well as head of policy Vijaya Gadde and chief legal officer Sean Edgett.<\/p>\n

Later Musk posted a tweet with the phrase Let good times roll. In response, former MicroStrategy head and Bitcoin maximalist Michael Saylor noted that Twitter should not constrain freedom of speech.<\/p>\n

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Twitter shall write no code law abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.<\/p>\n

\u2014 Michael Saylor\u26a1\ufe0f (@saylor) October 28, 2022<\/a><\/p><\/blockquote>\n