Dogecoin
was plunging Friday as hopes pale that the “meme” cryptocurrency favored by Elon Musk could possibly be boosted by way of the combination of crypto funds on his newly acquired Twitter.
Plans to build a crypto wallet for Twitter appeared to be on pause, the Silicon Valley tech e-newsletter Platformer reported Thursday. The report was sufficient to ship Dogecoin right into a tailspin, down 11% over the previous 24 hours to lower than 12 cents per token, having hit a latest peak of just about 16 cents on Tuesday.