The price of Dogecoin surged over 26% on Monday following the news that Elon Musk's social media platform Twitter replaced its official bird logo with the logo of this meme cryptocurrency, APA reports citing Teletrader.
Musk has been a long-time supporter of this $10 billion market-cap coin. On Friday, the billionaire requested in a filing in Manhattan federal court that the $258 billion lawsuit alleging that he manipulated the coin's price by supporting Dogecoin is thrown out.
Dogecoin surged about 26.39% to surpass $0.10 at 2:01 pm ET, hovering around the value last seen in early December.