$DOGE is in the green following elonmusk's comments
, Dogecoin experienced a significant price rally in October due to Musk completing the $44 billion acquisition of Twitter. The market expected the billionaire to make the $14 billion meme coin part of the platform.
However, the price of Dogecoin slipped after Twitter reportedly shelved its plan to integrate a native cryptocurrency wallet following Musk’s takeover. Musk’s most recent comments should be reassuring for DOGE owners since they signal that the capricious billionaire doesn’t plan to abandon the meme coin just yet. with Time Magazine, Musk said that Dogecoin was better suited for transactions compared to Bitcoin. The controversial entrepreneur opined that the largest cryptocurrency wasn’t a good substitute for a transactional currency.
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