Elon Musk Mentions 'DOGE' on X… Dogecoin Rises Slightly Within an Hour
Bloomingbit Newsroom
Summary
- 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.
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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