Dogecoin (DOGE) Spikes Following Elon Musk’s Dog Tweet 
- But one other time, Elon Musk tweeted about the dogs.
- Appropriate love the complete earlier events, the worth of Dogecoin reacted.
- DOGE formed a orderly green candle following the tweet.
But one other time, the king of meme coins, Dogecoin (DOGE), has reacted to Elon Musk’s contemporary tweet. The CEO of Tesla (NASDAQ:TSLA) no longer too long within the past dropped a tweet captioned “Excessive time I confessed,” with a image having a confession written on it.
Excessive time I confessed … pic.twitter.com/oY0gRstr19— Elon Musk (@elonmusk) February 22, 2023
Following the confession tweet, Dogecoin’s tag has reacted because it has within the previous. Dogecoin formed a orderly green candle, which then consolidated and stabilized. DOGE is trading at $0.08674 at press time, with a 0.30% hike in tag over the final 24 hours. It is miles, on the other hand, far from the earlier single-digit and double-digit positive aspects that adopted Musk’s tweet.
On daily foundation chart for DOGE/USDT (Source: TradingView)
The 24-hour trading volume has additionally spiked by 60%, primarily based on CoinMarketCap data. Here is doubtless as a result of anticipation of a chief tag spike following Musk’s tweet.
The confession talked about that it used to be he who let the dogs out. Here is a apply-up confession to his contemporary tweet where he appointed his dog Floki as the original CEO of Twitter. Following the tweet, the prices of Dogecoin and Floki Inu skyrocketed. The major tag fluctuation used to be considered in Floki, which rose above 100% following the tweet.
Dogecoin and Elon Musk bear a longstanding relationship. The repute of meme coins used to be additionally boosted by Musk, who has expressed that Dogecoin is undoubtedly one of his popular cryptocurrencies. DOGE elevated by bigger than 100% after Musk purchased Twitter in anticipation of the meme coin being integrated into Twitter. Nonetheless, there haven’t been any updates from Musk referring to that. Such an action is more doubtless to boost the worth of Dogecoin.
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