Dogecoin Price Rises By 16% As Elon Finalizes Twitter Deal

Dogecoin ($DOGE) went up nearly 16% over the past 24 hours as billionaire Elon Musk's Twitter deal comes to the finish line.

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Musk's $44 million Twitter deal is supposed to close on Friday.

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The Tesla founder is a major supporter of DOGE

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His statements about the token have also consistently influenced its price.

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DOGE was most recently trading at slightly over 7 cents.

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It had been languishing below 6 cents from the past six weeks.

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A year ago, DOGE was trading at 25 cents.

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