Altcoin News- The DOGE price is $0.054 which is 92.6% lower than ATH.
- OKX and CoinGecko participate in the tweet conversion
Elon Musk is once again stepping forward to heat the Dogecoin sales. Early today, Musk made a tweet with just a single word “Cryptonight ” and with no further explanation. Parallelly, the memecoin is planning to release multiple products in the ecosystem.
In the previous weeks, Doge has been moving along the downline as every other cryptocurrency in the market. As of writing this, the value of DOGE is $0.054. The All-Time High of the coin $0.7376 was on May 8, 2021, which is 92.6% above the current value. The reason is estimated to be the SNL event by Elon Musk.
The audience of SNL was around 10 billion, and the impact post this was huge. Now the fan base for both DOGE and Musk has increased, so any initiative by Musk now will skyrocket the growth in the DOGE market and pass that over the moon.
Dissecting Musk Tweet
The Twitter deal and new SpaceX launches have seemed to have occupied Musk’s time and his involvement in the crypto world has been reduced. So, this new tweet has created curiosity among everyone in the zone. Major crypto exchanges like OKX and CoinGecko also participated in the convo, asking whether he is about to buy any bitcoin now.
Also, the comparison has been made with Superman’s kryptonite. The tweet may be an implication of the current extreme volatile market condition and the loss that is causing the investors.
Despite the lower price, the memecoin is hitting the surface frequently as a payment acceptance coin by many firms, exchanges & even the U.S Senate in California.
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Source: https://thenewscrypto.com/elon-musk-latest-tweet-and-impact-on-crypto-market/