
Dogecoin (CRYPTO: DOGE) was soaring over 13% higher at one point on Monday, which caused the crypto to negate a downtrend that began on April 5 when Dogecoin spiked up to and topped out at the 18-cent level.
The surge higher came following reports Tesla, Inc (NASDAQ:TSLA) CEO Elon Musk is entering a deal to acquire Twitter, Inc (NYSE:TWTR), and many are hopeful that if Musk acquires the social media company, Dogecoin will be integrated in some way.