During the past few days, Dogecoin saw a massive surge of 10% in its US dollar and Bitcoin pairs, and this came right after Elon Musk shared a tweet that became viral.

He posted a meme that was suggesting the fact that this specific coin, which was introduced back in 2013 as a joke, could take over the crypto space and become the global reserve currency.

Elon Musk boosts the price of the canine crypto

The online publication the Daily Hodl noted that “Following the tweet, Dogecoin climbed as high as $0.003835 on Saturday –  nearly a 20% surge according to CoinMarketCap.”

At the moment of writing this article, (DOGE) is trading in the red just like most other coins and the digital asset is priced at $0.003237. The coin is down by more than 3%.

Also, another funny fact is that when asked by one of his followers where his Bitcoin is from the Twitter giveaway scam, here’s what Musk responded:

“Excuse me, I only sell Doge.”

Musk’s Twitter account hack

As you probably know by now, Twitter has been hacked, and a lot of high profile accounts were controlled by the bad actor for a while.

They hacked some accounts that had even a few million followers in order to spread a crypto scam.

The compromised accounts included Apple, Elon Musk, Joe Biden, Binance, Coinbase, and more.

Twitter has been updating people on social media.

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