Elon Musk Sends Dogecoin Price On A Sudden 5% Rally, Here’s How

Tesla CEO Elon Musk sent Dogecoin (DOGE) price on a sudden jump of over 5% in just a few hours on Monday.

Dogecoin fan Elon Musk was able to influence the DOGE price with just a one-word tweet saying he was talking about Dogecoin with Fox News chief Rupert Murdoch at the Super Bowl football game on Sunday. The community welcomed the move.

Elon Musk Pumps Dogecoin Price by 5%

Two business magnates Elon Musk and Rupert Murdock were seen sitting together at the NFL Super Bowl LVII game between Kansas City Chiefs and Philadelphia Eagles. Musk and Murdoch sitting and talking at the event is already sparking reactions, with many speculating things both were discussing.

Elon Musk, known for greatly influencing Dogecoin price, has once again proved his influence on Dogecoin. The DOGE price suddenly jumped over 5% after Musk replied to a tweet that he was talking about “Dogecoin” with Rupert Murdock at the Super Bowl.

Elon Musk replied to a tweet by Grit Capital CEO Genevieve Roch-Decter asking users to give wrong answers on what Elon Musk and Fox News owner Rupert Murdoch are talking about at the Super Bowl.

Musk was casually wearing his Dogecoin T-shirt at the Super Bowl. It shows his commitment and support towards the meme coin.

DOGE price is currently trading at $0.08399, with trading volume jumping over 200%. The price hit a 24-hour high of $0.0862 after Musk’s reply.

The Dogecoin community is actively awaiting Elon Musk’s announcement on the meme coin integration with Twitter payments. Recently, Twitter has begun applying for regulatory licenses across the U.S. and designing the software required to introduce payments on the social media platform.

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Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.