Dogecoin grew by more than 70% - a sharp increase associated with Elon Musk's purchase of Twitter for $44 billion. CEO
Earlier this year, Tesla began accepting Dogecoin as payment for goods, and products from the recently launched Musk fragrance brand can also be purchased with Dogecoin.
Cryptocurrency exchange Binance, which invested $500 million to buy Twitter, said it was brainstorming strategies on how blockchain and cryptocurrencies could be useful for Twitter.
Twitter began exploring ways to implement blockchain technology under the leadership of co-founder and former CEO Jack Dorsey, who was a supporter of bitcoin.
Elon Musk said he was buying Twitter tocreate an "app for everything". The initial idea of such services appeared in Asia. For example, WeChat allows users to not only send messages, but also make payments, shop online, or hail a taxi.
Musk's tweets about Dogecoin, including one in which hecalled it the "people's cryptocurrency" have turned an obscure digital currency that started out as a social media joke into one of the most popular crypto assets.
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