The Original Meme Asset Dogecoin is pulling traction after the recent purchase of Twitter by Elon Musk

Musk has been a huge proponent of Dogecoin, going so far as to call himself the “Dogefather” in a tweet last April. Price swings for the coin often go hand-in-hand with Musk tweets or actions. When he tweeted last December that Tesla would be accepting Dogecoin as payment for branded merchandise, its price increased 33% from about 16 cents to 21 cents, according to CoinGecko.

Elon Musk has been making headlines throughout this week for purchasing Twitter. Soon he would come to realize the benefit of his favorite meme coin, Dogecoin on coinbase and Robinhood.

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