Crypto markets appeared to unfreeze after a lengthy run of flat weeks. With the dog-themed cryptocurrency surging on Saturday morning, the Dogecoin rally has gained steam. It was the week’s biggest winner on the back of news that the Tesla CEO has finally finalized the plan to buy Twitter for $44 billion. Elon Musk’s favorite cryptocurrency Dogecoin (DOGE) exploded up 77% over the course of the week to 10 cents.
It even briefly ticked above $0.11.Musk’s purchase of Twitter has started to offer people hope, even though the current valuation is still much below its all-time high of $0.65. Can Dogecoin reach $1 now that Musk controls Twitter?
Despite its amazing growth over the past week, YouTuber Ben Armstrong has yet to become a fan of Dogecoin. The cryptocurrency YouTuber said on Twitter that no matter what happened, he would not purchase Dogecoin.
Doing it for attention?
Some, however, dismissed it, saying the YouTuber was only trying to get attention. A number of others also replied to his tweet with ironic comments. The crypto influencer Ben Armstrong, who has more than 1.4 million YouTube subscribers, has in the past attracted criticism for some of his hyped videos.
One of the most vocal supporters of the cryptocurrency lender Celsius Network was Armstrong. He said he believed the loan platform will be a successful project.
In the March 2022 portfolio reveal video, he disclosed to his YouTube followers that Bitsquad had 25,000 Celsius CEL tokens, which were then worth more than $83,000. Withdrawals from Celsius were frozen in June, and the YouTuber claimed to be one of the people affected by the collapse of the lending platform. Armstrong later acknowledged that a “conflict of interest” prevented him from leading a class action lawsuit against Celsius because of his “affiliate link for Celsius.”
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