Business

Dogecoin Being Boosted By Elon Musk Again – Price Already +15% For The Day.

The meme-based cryptocurrency, Dogecoin [DOGE], which’s a pet favorite of Elon Musk, features a new date for its price diary – Musk’s appearance on Saturday Night Live.

Within an official tweet earlier today on Wednesday, Musk described himself as “The Dogefather” as he prepares to host the favored American television program on 8th May.

Dogecoin Being Boosted By Elon Musk Again - Price Already +15% For The Day.

Musk is documented for his PR stunts when it involves Dogecoin, with social media posts often sparking price gains – something which has also benefited Bitcoin [BTC].

A familiar scenario for Dogecoin fans, Musk’s latest round of publicity immediately fuelled a rebound in DOGE/USD, which was up more than 15% in hours at the reporting time.

Bitcoin’s earlier price dip had cost the altcoin sector dearly, with DOGE bottoming far below its recent record high of $0.47 USD.

That peak had also been caused partially by Musk, who had promised to “put a literal Dogecoin on the literal moon” via the newest rocket launch of 1 of his companies, SpaceX.

Also earlier last week saw an improvised “holiday,” referred to “Dogecoin Day,” plan to run up the DOGE price to a stratospheric $4.20 USD in time for the launch, a move which ultimately fell far in need of expectations.

Leave a Comment

Your email address will not be published. Required fields are marked *