Elon Musk’s Cryptic Post on Dogecoin
Elon Musk, the controversial owner of X, recently made a cryptic post on social media, declaring that X is a dog and Doge friendly place. This is just the latest installment in Musk’s highly publicized relationship with Dogecoin, where his actions and words have helped raise the meme coin’s profile in both pop culture and the financial world.
Key Points:
- Musk often refers to himself as the “Dogefather” and the “Dogecoin CEO.”
- His DOGE-related comments have previously caused significant price increases for the cryptocurrency.
- In April of this year, Musk surprised everyone by changing Twitter’s name to X and using the Dogecoin Shiba Inu dog image as the logo, resulting in a 30% price increase for DOGE.
- Despite Musk’s latest post, DOGE prices have only seen slight gains, with a 0.6% increase in the past hour and a 0.9% increase in the last 24 hours.
Hot Take:
Musk’s influence on the cryptocurrency market, particularly when it comes to Dogecoin, is undeniable. However, while his latest post may not have caused a significant price surge for DOGE, it still highlights the power he holds in shaping conversations and perceptions within the crypto community.
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