Market Cap DOGE, $
Long

Dogecoin Rallies After Elon Musk Joins Twitter Board

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You may have heard that Elon Musk had just bought 9% of shares in Twitter and has become one of their newest board member. This prompted a rumor that the billionaire will be trying to push for Dogecoin to be integrated with the popular social media platform itself, prompting a rally. (No confirmation on how true this really is, however.)

Though it's good short-term news for DOGE, in earlier ideas I did warn against using DOGE as a speculative asset since it's primary focus seems to be utility/liquidity - which often is at odds with the idea of turning a return.

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