Dogecoin bounced up after news that billionaire Elon Musk bought Twitter

The coin with the symbolic image of a Shiba dog has increased to $ 0.1569 in the early hours of this morning (April 26), corresponding to 19.77% compared to 24 hours ago. This is the highest gain of this digital currency in 7 days.

In just the past 24 hours, the total volume of DOGE transactions reached more than 5 billion USD, up 1.097%.

Thanks to the price breakthrough, the total market value of Dogecoin also reached 20.87 billion USD, an increase of 19.31% compared to before.

On April 25, Twitter announced that it would sell itself to billionaire Elon Musk. Under the deal, Musk will buy back Twitter for $54.2 per share, or $44 billion. Twitter will go private once the transaction is completed. The deal still needs shareholders and authorities to approve.

Previously, in mid-January of this year, the billionaire owner of Tesla wrote on Twitter that he would accept customers to use Dogecoin to buy Tesla cars. Immediately this cryptocurrency bounced up more than 15% in value.

However, at the present time when the scandalous billionaire announced the acquisition of one of the most popular social networking platforms globally, the price of DOGE has increased even higher.

Despite the strong increase, this is not the peak of Dogecoin. Just earlier this month, the DOGE price was at $0.1707. In January, this digital currency was about to hit the $0.2 mark at some point.

Facing this upward momentum, many users are not sure whether to buy or sell. On Twitter, some people recommend a quick sale of Dogecoin because it can lose its market value as soon as the heat of the sale subsides, but there are also people who recommend holding (hold) to wait for this coin to accelerate (to the moon) ).

The growth of the coin tied to Elon Musk has a positive impact on the cryptocurrency market in general. Last night, digital currencies like Bitcoin, Ethereum, Solana, Near… all dropped sharply, but this morning rebounded.

In a related development, the stock market in Vietnam was on fire yesterday. A lot of stocks are on the floor. In which, shares of technology companies did not escape the price slide.

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