Dogecoin rose by as much as 17% on Thursday, as Tesla CEO Elon Musk moved closer to completing a takeover of Twitter. Musk has been a public supporter of the meme coin in recent years, with some suggesting that it could be added as a payment method on the social media platform. Cosmos also traded higher, climbing by 8% today.
Biggest Movers: DOGE up by Over 17% as Elon Musk Comments on Twitter Takeover
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Dogecoin (DOGE)
Dogecoin (DOGE) was once again in the green on Thursday, as the token rose by as much as 17% in today’s session.
The surge in price comes as long-term supporter of the meme coin Elon Musk moved closer to completing his takeover of Twitter.
In a statement released earlier today, Musk stated that “The reason I acquired Twitter is because it is important for the future of civilization.”
DOGE/USD raced to an intraday peak of $0.08028 on the news, which comes a day after trading at a low of $0.0668.
The meme coin is now trading at its highest point since August 17, with the relative strength index ( RSI) also tracking at long-term highs.
As of writing, the index is tracking at 78.59, which is its strongest point since August 2021.
Cosmos ( ATOM)
Another notable mover in today’s session was cosmos ( ATOM), which rallied by nearly 8% on Thursday.
Less than 24 hours after hitting a low of $12.19, ATOM/USD was exactly $1.00 higher in today’s session.
Today’s surge saw cosmos climb for a third straight session, hitting a seventeen-day high in the process.
Looking at the chart, the RSI also moved higher, climbing to a top of 56.00, which is below a ceiling of 58.80.
This is the strongest point that price strength has hit since September 19, with moving averages also trending upwards.
Many expect a crossover between the 10-day (red), and 25-day (blue) moving averages to occur in the coming days, which could push prices even higher.
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What is the highest point you believe cosmos will hit this week? Let us know your thoughts in the comments.
