The slight increase occurs just after Dogecoin was added to a new exchange; Bitstamp said yesterday that it would offer the meme coin versus dollars and euros.
However, according to CoinGecko, today’s rise comes after a devastating month-long decline for Dogecoin. Prior to reaching a peak of $0.10 on December 5, DOGE was trading at about $0.08 on November 23. But since since, it’s been on a slow and steady tumble . Dogecoin’s decline was mostly brought on by CEO of Twitter and well-known proponent of the cryptocurrency Elon Musk asking his followers if they thought he should leave the position.The fact that more than 50% of polled chose to support his resignation appears to have put an end to any persistent rumours that the tech mogul would be integrating the cryptocurrency on the platform.
Source : YahooMusk registered the company as a payments business shortly after his $44 billion acquisition of Twitter was finalised. He also made hints about the potential introduction of a cryptocurrency payment system for the social media network. What do you think about this ? Share your views in the comments below .
