Almost the last twenty-four hours, Dogecoin has experienced a huge rise of over 15%. It happened after Elon Musk, the newly appointed CEO of Twitter, announced that if the company experiences difficulties in the major mobile app stores, he will release his own smartphone.
Liz Wheeler, a podcaster, tweeted that she was concerned that Twitter would be excluded from the shops where the two manufacturers of smartphone operating systems sell Android and iOS-based applications under Elon’s new policy. Musk replied to Wheeler’s post.
Musk expressed his desire for this not to occur in a tweet. If he is mistaken, he has pledged to release his own phone, which in this case reportedly also entails the release of a new operating system and an online application store.
Musk’s tweet was published on Friday, which was also the day when Dogecoin started printing green candles on hourly charts. Musk is a major advocate of Dogecoin as a potential future payment method.
The meme coin has increased overall since Friday, rising from $0.0810 to $0.0936. The price has since decreased somewhat, with DOGE currently selling at $0.0926 on the Binance market.
