The price of popular altcoin Dogecoin reached its highest level since August 19 last Wednesday.
The altcoin rose to $0.071 last night, whereas its market capitalization exceeded $9.597 billion.
The price of Dogecoin has soared by 15% over the past 24 hours, the coin is confidently holding tenth place in the ranking of the largest digital currencies.
Elon Musk has once again been the main trigger for the DOGE rally. The deal to acquire Twitter is expected to close this coming Friday. In anticipation of this event, there is an explosive activity of users on social networks.
The Tesla CEO has repeatedly spurred a rebound in cryptocurrencies before.
The altcoin reacts to tweets posted by Elon Musk, even if they have nothing to do with DOGE.
