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As we already know, the world's richest person, Elon Musk, recently acquired Twitter.
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After this news, the value of some cryptocurrencies has also increased,
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Like Shiba Inu Coin (SHIB) and Dogecoin (DOGE)
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In the past 24 hours, Dogecoin has shown a growth of 33%.
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Shiba Inu Coin has increased by 16 to 17% in the last 24 hours.
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Dogecoin (DOGE) and Shiba Inu Coin (SHIB) are both meme coins that were created as a joke.
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Dogecoin (DOGE) is a meme coin cryptocurrency created by software engineers Billy Markus and Jackson Palmer.
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Whereas Shiba Inu Coin SHIB also known as Dogecoin Killer created by anonymously and SHIB is listed on Shiba Swap.
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After the news of the acquisition of Twitter by Elon Musk, why is there a significant spike in the value of these Meme Coins?
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So let us tell you that Elon Musk is very optimistic about cryptocurrency and used to tweet about Dogecoin.
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Apart from this, Elon Musk has also accepted Dogecoin as payment for his company Tesla.
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That's why it is being speculated that you can accept Dogecoin as a payment on Twitter too.
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