Elon Musk Tweets About DOGE Again, Leading to 4.05% Price Increase
CryptoNewsTerminal Staff19 Aug, 2024
Elon Musk Tweets About DOGE Again, Leading to 4.05% Price Increase
Elon Musk, Tesla CEO posted on Twitter "I'd love to help out with D.O.G.E". He added an explanation saying that the "D.O.G.E. stands for Department of Government Efficiency". Musk is a well-known supporter of Dogecoin (DOGE) and has tweeted about it many times in the past. At the time of writing, this has helped DOGE increase in value by 4.05%, with it currently priced at $0.066447. It is unclear what Musk's intentions are with DOGE, but his tweets have often had a significant impact on its price. For example, in May 2021, Musk tweeted "Dogecoin is the people's crypto", which helped push its price up 20%.
