Dogecoin has seen its fair share of attention from Elon Musk in the recent past, and it seems the Tesla founder is showing no signs of stopping his (perhaps pseudo-)advocacy for the meme-coin. April’s Fools Day or not, Musk’s tweets result in a fresh interest in the cryptocurrency price – with Dogecoin shooting up nearly 40% in minutes.
According to Musk, his other tech company is going to make sure a “literal” Dogecoin heads for the “literal” moon.
As it has done in the past, Dogecoin price saw a massive spike in trading value after Musk tweeted about it. Musk’s activity around the meme coin might remain ironically meme-like, but the price of the altcoin seems to be playing no jokes. Immediately after his tweet, Dogecoin rose to the highest it has tagged in a month with a 35% increase in trading value. While the gains have cooled off, the cryptocurrency price is still in the green with a 6.65% increase in day-on-day trading.
