Twitter has struck a deal to offer crypto trading through eToro, which led to a rise in Dogecoin’s (DOGE) price from the low of 8 cents on Wednesday.

Elon Musk, the CEO of Twitter, has frequently referred to dogecoins as his favorite cryptocurrency. He even dedicated a segment on it during an appearance on “Saturday Night Live”, in 2021. Twitter briefly changed its logo into the dogecoin symbol last week in order to spark a rally which saw some traders gain as much as 37%.

Before today’s surge, the meme coin’s popularity had fallen by 22.64 % as the excitement surrounding Twitter’s new logo subsided.

The price is now at almost 9 cents, after prominent Crypto Twitter trader@TreeofAlpha posted a macro thesis on dogecoin.

Tree of Alpha tweet just moments before another spike upwards.

It’s worth noting that eToro does not currently offer dogecoin. In the near future, only bitcoin (BTC), ether(ETH), BNB and IOTA are initially available on Twitter.

CORRECTION: (April 13, 2023, 14:30 UTC). Corrects the low price of the dogecoin on Wednesday.