Dogecoin Pumps 20% as Elon Musk Teases $1 Per DOGE

The price of Dogecoin jumped by 20% in minutes after another pro-tweet from Tesla’s CEO – Elon Musk. The billionaire posted a rather intriguing tweet that included a one-dollar bill and DOGE.

  • In his latest pro-DOGE initiative on social media, Musk posted a picture with a text reading “cyberviking.” In the background, though, there’s a slightly blurred one-dollar bill.
  • What’s more interesting in this particular case is Musk’s question above: “How much is that Doge in the window?”
  • The CEO of  Tesla and SpaceX has been openly supportive of the Shiba Inu-inspired coin for a while. Being such an influential person with millions of followers, his words reached other celebrities, and the snowball effect started.
  • The mania reached retail investors, and some DOGE fans started a campaign “DOGE to $1.” With Musk’s words from today, it seems that he has joined that trend as well.
  • As it happened with previous interactions from the billionaire, Dogecoin’s price reacted immediately. It traded at $0.36 following the most recent market crash but spiked by about 20% to an intraday high of $0.42.
  • It’s worth noting that Dogecoin came around $0.25 away from reaching its target of $1 less than two weeks ago. At that point, DOGE even became the fourth-largest crypto by market cap and was close to overcoming BNB for the third spot.
  • Despite being down roughly 50% since the ATH in early May, DOGE is still well ahead year-to-date. The current price level of $0.4 means that Dogecoin has surged by over 6,500% since the start of 2021.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 98,658.43 4.94%
Ethereum (ETH) $ 3,369.29 9.80%
Tether (USDT) $ 1.00 0.17%
Solana (SOL) $ 256.00 8.31%
BNB (BNB) $ 623.85 2.62%
XRP (XRP) $ 1.20 8.46%
Dogecoin (DOGE) $ 0.386192 1.88%
USDC (USDC) $ 1.00 0.11%
Lido Staked Ether (STETH) $ 3,364.00 9.66%
Cardano (ADA) $ 0.814531 1.00%