Dogecoin (DOGE) price is up today as traders speculate about its addition to Twitter’s rebranded social media platform dubbed “X.”
DOGE price hits May 2023 high
On July 25, DOGE price climbed nearly 5.5% to $0.078, its highest level in two months.
The token’s intraday gains came as a part of a weekly rally that started two days ago when Elon Musk rebranded Twitter to X while adding the DOGE symbol to his bio.
Since then, Dogecoin has jumped over 11%, akin to its previous bullish reactions to Musk’s pro-dogecoin statements.
On July 25, Musk revealed X as an “everything app,” with a special focus on financial services.
Twitter was acquired by X Corp both to ensure freedom of speech and as an accelerant for X, the everything app. This is not simply a company renaming itself, but doing the same thing.
The Twitter name made sense when it was just 140 character messages going back and forth – like…
— Elon Musk (@elonmusk) July 25,…