Why Dogecoin Is Rising Today
As of 11:30 a.m. ET Monday, the price of Dogecoin (CRYPTO: DOGE) had risen by roughly 5% over the prior 24 hours as Tesla founder and noted Dogecoin bull Elon Musk pressed ahead in his efforts to purchase social media giant Twitter.
Over the last few weeks, after repeated ideological attacks on the methods by which Twitter deals with free speech issues, Musk launched what it would eventually become clear was a takeover bid. First, he purchased a more than 9% stake in Twitter. At that point, it looked like Musk might join Twitter's board, but he would eventually decline its invitation to do so.
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Source Fool.com
