Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Dogecoin (DOGE) has been performing well on the price charts in recent days. In fact, DOGE is up by over 30% on the weekly charts. This, largely owing to Twitter’s Elon Musk replacing the social media platform’s logo with Dogecoin’s. Understandably, this has fueled notions that Musk will soon add DOGE as a payment option on Twitter.
Additionally, as per a Reutersreport published on 1 April, Elon Musk and his lawyers reportedly asked a US judge this week to dismiss a $258 billion lawsuit filed by investors who claimed that Musk ran a pyramid scheme to promote the cryptocurrency Dogecoin. Musk’s lawyers also described his Dogecoin statements as “innocuous and often silly tweets” in an attempt to persuade the judge to dismiss the multibillion-dollar lawsuit.
Six days ago, the UK branch of global fast-food chain Burger King unexpectedly responded to a post about cryptocurrency payments at Burger King, “We need doge.”
<p lang=«en» dir=«ltr» xml:lang=«en»>we need doge— Burger King (@BurgerKingUK) March 28, 2023
Soon after, Asian stocks rallied after China’s central bank committed to providing more financial assistance to companies, triggering a massive bull wave in all risk assets. The Chinese central bank is once again opening its wallet in order to provide financial assistance to businesses.
Last week, tech billionaire Elon Musk mentioned a “fee for visiting Twitter headquarters,” which should be paid in DOGE, in a tweet . The Twitter boss was responding to user DogeDesigner (@cb_doge), who wanted to visit the head office of this social media platform.
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