FILE PHOTO: Representations of the virtual currency Dogecoin are seen in this illustration taken June 16, 2021. REUTERS/Dado Ruvic
SINGAPORE (Reuters) - It's no joke. Elon Musk's acquisition of Twitter has put fresh wind in the sails of dogecoin, the meme cryptocurrency he catapulted to fame.
Dogecoin's price doubled after the Tesla tycoon completed the $44 billion deal. It was trading at about $0.07 on Oct. 27 before Musk tweeted "the bird is freed" to announce his ownership. Five days later, it was at $0.16.
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