Why Dogecoin Is Pumping Again Today
This morning's impressive move in Dogecoin (CRYPTO: DOGE) has resulted in the most-recent higher high for this meme token this year. As of 10 a.m. ET, Dogecoin had surged 6.6% higher over the past 24 hours, while most major tokens (and the overall market) saw declines.
This move follows a series of reports that Elon Musk, a longtime Dogecoin supporter, is looking to transform Twitter into a payments platform, potentially allowing cryptocurrencies to be used for payments down the road.
This announcement comes a few months after the social media company registered as a payments business, and hinted at a "coins" feature being released, which would allow content creators to be awarded via digital tokens, in a similar fashion to rival Reddit.
Source Fool.com
