--- title: "Dogecoin Surges in Value as Elon Musk Takes Over Twitter" description: "Dogecoin and other doge meme coins have seen huge gains over the weekend after Elon Musk added Twitter to his growing portfolio of companies he owns. " date: "2022-10-31" modified: "2022-10-31" authors: - name: "Noor Al-Sibai" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/nooralsibai" url: "https://futurism.com/the-byte/dogecoin-elon-musk-twitter" categories: - "Elon Musk" - "Future Society" - "The Industrialists" tags: - "dogecoin" - "elon musk" - "the digest" - "twitter" --- # Dogecoin Surges in Value as Elon Musk Takes Over Twitter ![Dogecoin and other doge meme coins have seen huge gains over the weekend after Elon Musk added Twitter to his growing portfolio of companies he owns. ]() *\Image: Getty Images/Futurism \* ## Up, Up & Away Dogecoin and related meme coins favored by Elon Musk have seen huge gains over the weekend after the mercurial entrepreneur added Twitter to his portfolio. Per analyses [from the CryptoMarketCap firm](), Dogecoin — you know, the only cryptocurrency [Musk actually likes]() — has seen an appreciable 110 percent jump over the last week, and as the [*Decrypt* crypto blog]() notes, its value has doubled in the month of October, with the bulk of its rising valuation around Halloween weekend and the Twitter takeover. Beyond the Dogecoin gains, however, other doge meme coins have been barking a new tune as well. The [Shiba Inu clone coin]() has seen gains of up to 23 percent over the last week, CoinMarketCap's analysis noted, and [curious investors are questioning]() whether it could be "the next Dogecoin." ## Stan Harder While much of the internet is [veritably freaked]() at Musk now running Twitter, the large Venn Diagram cross-section of crypto bros and Musk stans are [positively elated]() — and some are even making bold predictions about these meme coins' futures on the social network. "Now that Twitter is in the hands of @elonmusk I can see a real possibility that doge will somehow merge with the platform," Charles Hoskinson, one of the co-founders of Ethereum, [tweeted](). He went on to say that he'd be willing to put Dogecoin up on Cardano, his current blockchain project, for free. "Hell," the [serial blockchain founder tweeted](), "I'd even add smart contracts." While lots of Dogecoin investors are surely pleased at how much money they've made, not all Doge fans are Musk fans, as evidenced by the racketeering lawsuit a [group of them filed in September]() against the now-Twitter CEO, alleging that he had artificially inflated the price of the coin only to later drop it. Dogecoin cofounder Jackson Palmer, it should be noted, [is also not a fan](). Given Dogecoin's history with Musk, it'll likely be only a matter of time [until its value falls again]() — but there's a lot that can happen between now and when the Twitter dust settles, too. **More Twitter/crypto crossover:** *[Twitter Quietly Announced NFT-Trading Integration During Elon Musk's Takeover]()* ## Author At Futurism, I've often been drawn to unpacking the narratives that underlie technological, scientific and medical progress, with a special interest in areas of conflict and ambiguity that end up setting agendas and steering the fates of both elites and the hoi polloi. I'm a committed generalist, but I often find myself returning to work involving NASA and the private space sector, the effects of AI on media and society, and the mechanics of the pharmaceutical industry, with a specific focus on the spread of GLP-1 drugs like Ozempic and Wegovy. Prior to Futurism, I worked for publications ranging from Media Matters and Truthdig to Raw Story and Bustle. I'm also the author of "Myspace Scene Queens," a 2024 title in Instar Books' acclaimed "Remember the Internet" series. My work at Futurism has been cited by outlets including the New Yorker, Slate, Nieman Lab, the Verge, the MIT Technology Review, the Sunday Times, and the Daily Beast. I grew up in North Carolina, attended the University of North Carolina at Asheville, and now live in Brooklyn, New York. In my free time, I'm an avid reader and music fan; you can probably find me at a local poetry reading, concert, underground rave, or DJ set. I'm the proud parent of an ineffable orange cat named Mee-Mow. ### Author social links [Bluesky]()