Elon Musk's Tweet Effect on Dogecoin

by Giorgi Kostiuk

a year ago

Elon Musk is back in the headlines, prompting mixed reactions in the cryptocurrency market.

Elon Musk's Influence on the Crypto Market

In 2021, Elon Musk's posts caused significant fluctuations in the cryptocurrency market. His social media activity was notably linked to dramatic movements in Bitcoin in the past.

The New Tweet and Its Impact on Dogecoin

Just minutes ago, Elon Musk made a post mentioning 'DOGE.' He shared a photo with his three dogs, including a Shiba Inu, with the playful question: 'Who unleashed DOGE?'

Who unleashed DOGE?

Market Reaction

Despite the buzz surrounding his tweet, DOGE did not see a significant jump, lingering around the $0.33 mark just minutes after the post. This highlights that the 'old days' of swift market reactions may be behind us.

Elon Musk's tweets continue to be a subject of discussion, though their market impact might not be as strong as before.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

ADP Employment Report to Kick Off Key Labor Market Week

The ADP National Employment Report will be released on January 7, 2025, providing insights into the private-sector labor market and measuring monthly changes in employment.

Andrew Smith29 minutes ago

Initial Jobless Claims Report Set for January 8, 2025

The US Department of Labor will release the Initial Jobless Claims report on January 8, 2025, providing a timely assessment of labor market conditions.

Jacob Williams29 minutes ago

Snek: A Cult-Favorite Meme Coin with Serious Potential

Snek is a meme coin inspired by a popular internet meme of a snake, with a strong following and potential for growth in 2025.

Ayman Ben Youssefan hour ago

Fluctuating Market Conditions Impact Ethena's Trading Volume

Fluctuating market conditions are impacting Ethena's trading volume and price stability, with a total value locked in DeFi around 649 billion and a 24-hour trading volume of 160.76 million.