The price of DOGE immediately jumps as soon as Musk mentions memecoin. In fact, much of the popularity of Dogecoin can be attributed to Elon Musk. After a period of continuous mentions of memecoin last year, there has been a lull in recent times. The price of DOGE has largely fluctuated around the $0.058 level as of late.
Elon Musk and the Dogecoin Project
Following the news that Elon Musk was poised to take over Twitter in April, DOGE experienced tremendous traction. The news led many to wonder if Elon Musk would allow Dogecoin payments on Twitter. Ultimately, with Musk’s intention to buy Twitter at the original offer price, the DOGE community was thrilled. However, there has been no official indication from Musk or the Dogecoin team.
Elon liking his own tweets liking his own tweets …
– Elon Musk (@elonmusk) October 6, 2022
On Friday, Tesla’s president and CEO had interacted with a Dogecoin designer. He responded to a witty tweet from DogeDesigner, a graphic and user interface designer from the Dogecoin Foundation. This is an interesting development given his renewed interest in acquiring Twitter and DOGE’s future prospects.
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