Dogecoin Price After Elon Musk Tweet

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Crypto

Elon Musk has already shown his love for the memecoin Doge.

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 Because of his fondness for cryptocurrencies, he is frequently referred to as the "Dogefather".

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Tech entrepreneur Elon Musk has once more pushed up the price of Dogecoin, the well-known cryptocurrency for memes.

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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.

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Dogecoin increased by almost 26% as a result of the tweet.Prior to Musk's post at 9:46 AM on Tuesday.

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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.

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Crypto aficionados interpret it as evidence of Dogecoin's ecosystem integration with Twitter.

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Many additional users posted that Doge would serve as Twitter's official cryptocurrency. Read their tweets:

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Images of the Doge candlestick chart were also circulated by certain cryptocurrency traders.

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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.

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