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Dogecoin price jumps 40% on Elon Musk, Twitter’s crypto wallet rumors

Published 10/27/2022, 09:02 AM
Updated 10/27/2022, 10:40 AM
Dogecoin price jumps 40% on Elon Musk, Twitter’s crypto wallet rumors
DOGE/USD
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Dogecoin’s (DOGE) price rallied to its best levels in two months as traders assessed Twitter’s potential to create a cryptocurrency wallet product.

DOGE’s price jumped to $0.081 on Oct. 27. The price gained roughly 40% two days after Jane Manchun Wong, a popular tech blogger, claimed that Twitter is working on a wallet prototype that supports cryptocurrency deposits and withdrawals.

DOGE/USD daily price chart. Source: TradingView
DOGE/USD three-day price chart. Source: TradingView

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