- At press time, Dogecoin (DOGE) was buying and selling at $0.07018, up 3.13% within the final 24 hours.
- Elon Musk talked about “canines” in a tweet immediately.
- Along with Dogecoin, Musk’s tweet additionally pushed Shiba Inu to a each day excessive of $0.00000784.
The well-known dog-themed meme coin Dogecoin (DOGE) rose to $0.07121 on the day immediately after Elon Musk talked about “Doge” in considered one of his tweets.
Musk’s put up despatched DOGE value hovering from $0.069 to $0.07121 inside seconds, earlier than rapidly giving up a few of the positive factors.
Doges ftw pic.twitter.com/bl0trQ7BdU
– Elon Musk (@elonmusk) in 2023 July 19
Elon Musk Story with Meme Cash
Along with Dogecoin, Elon’s tweet additionally noticed the value of Shiba Inu (SHIB) rise.
This is not the primary time cryptocurrency markets have reacted to Elon Musk’s messages. Markets have lengthy been fast to react to Elon Musk’s public feedback about cryptocurrencies normally and Dogecoin particularly.
When Musk unveiled an AI-focused firm final week that competes with ChatGPT, a well known chatbot, it despatched AI-related tokens hovering.
Given his explicit curiosity in DOGE, the cryptocurrency group is speculating that Musk could also be a major proprietor of DOGE. Musk’s curiosity in DOGE got here into focus when the 2021 in Might, he appeared on “Saturday Evening Stay” and took a while out of the meme coin, sending it to an all-time excessive of 73 cents.
As we speak’s tweet mentioning the doge got here forward of Tesla’s ( TSLA ) second-quarter earnings report, which is anticipated to be launched later Wednesday afternoon.
