Meme cryptocurrency Dogecoin is up almost eight percent in the past 24 hours. The reason for this may have been the news about the revival of Tesla boss Elon Musk’s bid for the social media platform Twitter. If the takeover is successful, Musk plans to introduce a tweet fee for Twitter, which is to be paid in Dogecoin.
Noisy Bloomberg Musk sent his offer on Monday letter resurrect on Twitter. Twitter’s shares also experienced an enormous increase of more than 20 percent.
Most recently, the $44 billion deal stalled. Musk backed out of the deal over disagreements over the extent of spam accounts on the platform, prompting Twitter to sue him.