Dogecoin price today (April 15, 2022): The price and trading volume of popular memecoin Dogecoin (DOGE) has surged since Thursday following reports of Tesla boss Elon Musk’s offer to buy Twitter. On Friday morning, Dogecoin’s trading volume increased by 132% in the last 24 hours and the market capitalization increased by 1.56% from the last day.

DOGE price was at $0.1381 around 3:04 p.m. Thursday and rose to $0.1459 around 3:54 p.m., according to data from CoinMarketCap. However, the DOGE price subsequently corrected itself. At the time of writing this report on Friday morning, the price of memecoin was up 1.70% from the last day.

Dogecoin is the largest memecoin in the world with a total market capitalization of $19,007,189,744. It is currently the 11th largest crypto token by market capitalization.

Elon Musk has been one of the most influential and outspoken supporters of Dogecoin on the social media channel. His statements have often led to price increases for the popular crypto token in the past.

Musk, who is already Twitter’s second-largest shareholder, has offered to buy 100% of the social media company for $43.39 billion to take it private. Barely two weeks ago, he revealed that he had acquired 9.2% of the capital of Twitter.

A few days ago, Musk declined to join Twitter’s board and has now offered to buy the social media company.

Elon Musk’s top priority

One of Musk’s top priorities, should he succeed in buying Twitter, would be to weed out the armies of spam and fraudulent bots on the social media platform. “They make the product much worse. If I had a Dogecoin even for a crypto scam I saw, we would have 100 billion Dogecoin,” Musk was quoted as saying by CoinTelegraph at a TED talk in Vancouver on Thursday.

Meanwhile, the prices of all other major crypto assets are in the red on Friday morning, registering a drop of up to 8%.

(Cryptos and other virtual digital assets are unregulated assets in India. Investing in them could result in losses. Please consult a professional financial advisor before making any crypto investment decision)