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 the latest example of Musk’s close relationship with Dogecoin (DOGE), a meme cryptocurrency. Musk often refers to himself as the “Dogefather” and “Dogecoin CEO,” and his actions and comments have helped raise the profile of DOGE in popular culture and the financial world.
One notable instance of Musk’s influence on DOGE was when he changed Twitter’s name to X and replaced the blue bird logo with the Dogecoin Shiba Inu dog image. This move caused the price of DOGE to increase by 30%, highlighting the Market‘s sensitivity to Musk’s actions and comments.
However, following Musk’s recent post, the price of DOGE only saw a slight increase, gaining 0.6% in the hour after the post and 0.9% over the past 24 hours. Overall, DOGE has experienced a challenging period, with a 16.8% decrease in value over the last 30 days and a 10.3% decrease in the past seven days. From reaching a high of $0.0817 in late July, DOGE is now Trading at $0.0633, with a 24-hour trading volume of $370 million.
It is important to note that this information is not Investment advice and should not be taken as such. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider their own risk tolerance before making any investment decisions.
In conclusion, Elon Musk’s latest post about X being a “dog and Doge friendly place” highlights his continued involvement with Dogecoin. Although his comments have previously caused significant price increases for DOGE, the recent post only led to a slight increase in price. DOGE has faced challenges recently, experiencing a decrease in value over the past month and week. As with any investment, it is important for individuals to carefully consider their options and conduct thorough research before making any decisions..
#Dogecoin #DOGE #Price #Stirs #Life #Elon #Musk #Namechecks #Meme #Coin
One notable instance of Musk’s influence on DOGE was when he changed Twitter’s name to X and replaced the blue bird logo with the Dogecoin Shiba Inu dog image. This move caused the price of DOGE to increase by 30%, highlighting the Market‘s sensitivity to Musk’s actions and comments.
However, following Musk’s recent post, the price of DOGE only saw a slight increase, gaining 0.6% in the hour after the post and 0.9% over the past 24 hours. Overall, DOGE has experienced a challenging period, with a 16.8% decrease in value over the last 30 days and a 10.3% decrease in the past seven days. From reaching a high of $0.0817 in late July, DOGE is now Trading at $0.0633, with a 24-hour trading volume of $370 million.
It is important to note that this information is not Investment advice and should not be taken as such. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider their own risk tolerance before making any investment decisions.
In conclusion, Elon Musk’s latest post about X being a “dog and Doge friendly place” highlights his continued involvement with Dogecoin. Although his comments have previously caused significant price increases for DOGE, the recent post only led to a slight increase in price. DOGE has faced challenges recently, experiencing a decrease in value over the past month and week. As with any investment, it is important for individuals to carefully consider their options and conduct thorough research before making any decisions..
#Dogecoin #DOGE #Price #Stirs #Life #Elon #Musk #Namechecks #Meme #Coin
