The largest memecoin Dogecoin (DOGE) saw a rise after the Chief Executive Officer (CEO) of Tesla, Elon Musk intends to build a smart telefor named as "Dogedaddy's Feud" even though he currently has a dispute with Apple.
As such, DOGE, which has the 8th largest market capitalization, broke through the $0.1 level on Tuesday night after Musk announced his plans for the following Twitter 2.0 launch.
Musk is understood to have displayed a slide on his Twitter account that contains details about part of his plan where there is a slide showing the payment part, but images or further information have not been presented yet.
Musk's statement will excite investors as DOGE may find success in the future when he implements the plan.
On record, DOGE this week saw the best performance compared to other digital assets by jumping 24% in the past 7 days, but for now the price of the memecoin has shrunk slightly at the 0.09854 zone.
Among the cryptos that also showed encouraging performance apart from DOGE is Huobi Token (HT) which gained 22% in the last 7 days while signing an agreement with Poloniex.
Earlier when Musk had acquired the social media platform Twitter, he always expressed his desire to create a crypto-based payment system in the platform, but until now it is not sure if it was just a joke or otherwise.
However, he who has been a staunch supporter of DOGE for a long time has had a positive impact on the price movement of the memecoin so far.
