Meme Cryptocurrency DOGE Parabolic Surge

Last week’s parabolic surge in Dogecoin fueled speculation that other so-called alternative tokens could also gain speculative tailwinds.

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The obvious cause is the $44 billion Twitter deal by Elon Musk, a longtime backer of the DOGE coin.

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Musk tweeted an image of a dog wearing a t-shirt with the Twitter logo along with a Halloween pumpkin.

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Amid this, it caused a sharp rally in the prices of Dogecoin.

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According to Coinmarketcap, Dogecoin is up 24.40% in the last 24 hours.

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But it is still very unclear what Musk will do in relation to Dogecoin and Twitter.

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At the time of writing, Dogecoin price is $0.146079 USD with a live market cap of over $19 billion USD.

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