Elon Musk, back on Twitter, turns his support to Dogecoin

London: Dogecoin surged more than 50% on Thursday after billionaire entrepreneur Elon Musk tweeted his support for the cryptocurrency, two days after he said he was to take a break from Twitter “for a while”.

Dogecoin jumped to $0.05798 according to data on blockchain and cryptocurrency website Coindesk. Musk first tweeted “Doge” and immediately followed it up with “Dogecoin is the people’s crypto”.