- At press time, Dogecoin (DOGE) was buying and selling at $0.07018 up 3.13% within the final 24 hours.
- Elon Musk in the present day talked about “doges” in a tweet.
- Moreover Dogecoin, Musk’s tweet additionally brought on Shiba Inu to a each day excessive of $0.00000784.
Effectively-known dog-themed meme coin Dogecoin (DOGE) in the present day surged to a each day excessive of $0.07121 after Elon Musk talked about “Doge” in one in all his tweets in the present day.
Musk’s publish brought on the worth of DOGE to surge from $0.069 to $0.07121 in seconds earlier than shortly giving up among the features afterwards.
Doges ftw pic.twitter.com/bl0trQ7BdU
— Elon Musk (@elonmusk) July 19, 2023
Elon Musk’s historical past with meme cash
Moreover Dogecoin, Elon’s tweet additionally brought on the worth of Shiba Inu (SHIB) to additionally pop.
This isn’t the primary time the crypto markets are reacting to Elon Musk’s tweets. The markets have a protracted historical past of responding shortly to Elon Musk’s public feedback about cryptocurrencies usually and Dogecoin specifically.
When Musk unveiled an AI-focused firm final week to compete with ChatGPT, a well known chatbot, it brought on tokens associated to synthetic intelligence to soar.
Given his explicit curiosity in DOGE, there may be hypothesis within the cryptocurrency group that Musk could possibly be a big DOGE holder. Musk’s curiosity in DOGE got here to the limelight when he appeared on “Saturday Evening Reside” in Might 2021, and devoted a while to the meme coin inflicting its worth to surge to its all-time excessive worth of 73 cents.
Immediately’s tweet mentioning doge got here forward of Tesla (TSLA) second-quarter earnings report anticipated to be launched later Wednesday afternoon.