Elon Musk Mentions 'DOGE' on X… Dogecoin Rises Slightly Within an Hour
Bloomingbit Newsroom
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- Elon Musk's mention of 'DOGE' reportedly caused Dogecoin to rise slightly in a short time.
- Dogecoin is currently trading at $0.4032 on CoinMarketCap, up 0.59% following Musk's remarks.
- Musk's mention is analyzed to have an immediate impact on Dogecoin's price fluctuations.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Elon Musk, the CEO of Tesla and known supporter of Dogecoin (DOGE), has once again mentioned 'DOGE' today.
On the 17th (local time), Elon Musk posted a CNBC broadcast video on his X (formerly Twitter) with a post mentioning 'DOGE'. The broadcast video he attached is not related to Dogecoin but contains a discussion about what influence Elon Musk could have under the Donald Trump administration.
Previously, Trump had nominated Elon Musk as the head of the 'Department of Government Efficiency (D.O.G.E)' along with Vivek Ramaswamy, a former Republican presidential primary candidate. Meanwhile, Dogecoin is trading at $0.4032, up 0.59% in the past hour on CoinMarketCap.
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