Dogecoin surges 35% as Elon Musk's Twitter deal approaches close Dogecoin, the cryptocurrency branded after a viral dog meme from 2013, is up 35\% since Monday as Elon Musk's deal to buy Twitter approaches a close. The price of the token often moves in lockstep with comments made by the Tesla CEO. Doge is up 10% in the last 24 hours after the SpaceX chief changed his Twitter bio to "Chief of Twit" on Wednesday. Similarly, the meme token saw a price surge in April when Musk first floated the idea of adding dogecoin as a payment method for Twitter's subscription service, Blue. It also saw a sell-off in June as Musk tried to back out of the purchase." - written by: MacKenzie Sigalos The article excerpt above references the Dogecoin (DOGE) cryptocurrency, and its movements after Elon Musk's twitter deal. Using your knowledge from FBIM623 a) Critically discuss the factors which affect the price of cryptocurrencies such as DOGE (10 marks), b) Discuss the potential benefit of adding cryptocurrency to an existing portfolio of different assets (equities, bonds etc) (10 marks)