Elon Musk has already shown his love for the memecoin Doge.
Because of his fondness for cryptocurrencies, he is frequently referred to as the "Dogefather".
Tech entrepreneur Elon Musk has once more pushed up the price of Dogecoin, the well-known cryptocurrency for memes.
Musk posted a picture of a dog holding a Halloween pumpkin and a t-shirt with the Twitter logo, and this tweet sharply increased the price of Dogecoin.
Dogecoin increased by almost 26% as a result of the tweet.Prior to Musk's post at 9:46 AM on Tuesday.
The meme token was trading at $0.12. At 11:55 AM, the token increased by 25.90% and reached its highest price of $0.147.
Crypto aficionados interpret it as evidence of Dogecoin's ecosystem integration with Twitter.
Many additional users posted that Doge would serve as Twitter's official cryptocurrency. Read their tweets:
Images of the Doge candlestick chart were also circulated by certain cryptocurrency traders.
At 12:52 PM, Dogecoin was trading at $0.1452, up 23.48 percent. Its trading volume for the day was $7,041,252,942.