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Why Dogecoin Is Up Today

TheMotleyFool

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Over the last 24 hours, the price of the meme-inspired cryptocurrency Dogecoin (CRYPTO: DOGE) traded 3.4% higher as of 1:48 p.m. EST today. Speculation has arisen that the token could play a critical role in Twitter's future if Dogecoin bull and Tesla Founder Elon Musk can buy the social media giant. Recently, Robinhood's CEO Vlad Tenev has also talked about how Dogecoin could be more widely used.

The last few weeks have been chaotic for Twitter. Recent Securities and Exchange filings disclosed that Musk had purchased more than a 9% stake in the company, after expressing some of his frustration with the company over free speech issues.

Image source: Getty Images.

Source Fool.com

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