Elon Musk Talk Includes Dogecoin Mention

Elon Musk Dogecoin News: In yet another instance, Tesla CEO Elon Musk spoke about Dogecoin (DOGE), leading to a slight price jump for the memecoin. Interestingly, this time around the new Twitter owner said ‘Dogecoin (DOGE) To The Moon’ in his initial statement during a Twitter space on Saturday. In the Twitter space hosted by Mario Nawfal, founder of International Blockchain Consulting Group, Musk made the comments. Meanwhile, the DOGE price took a slight jump following the Tesla CEO’s comments.

‘DOGE To The Moon’

Apart from his mention of DOGE, Musk also spoke about safety of crypto assets and Sam Bankman-Fried’s interest in acquiring stake in Twitter. Musk said the FTX founder “wanted to invest in Twitter but gave away very bad vibes.” He also spelled out the popular quote, “If it’s not your key it’s not your wallet.” Musk also said he was “working hard on the DOGE part.” Following Elon Musk’s comments on the memecoin, the cryptocurrency immediately jumped by around 10%.

Winnie Njuguna, a crypto enthusiast, who attended the space, said,

“This morning I was listening in on a space hosted by Mario Nawfal and Elon Musk comes in and first thing he says is “Doge to the moon”

As of writing, DOGE price stands at $0.09182, up 4.06% in the last 24 hours, according to price tracking platform CoinMarketCap. However, the crypto bloodbath seen earlier in the week has had a major impact all cryptocurrencies. DOGE is still down by about 28.51% in the last 7 days.

The Musk Factor

Following Elon Musk’s official takeover of Twitter, Dogecoin (DOGE) witnessed huge positive momentum. On various occasion in the past, Musk has vocally supported the memecoin. Very recently, a tweet by Musk on the occasion of Halloween had a Shiba Inu pet dog wearing a Twitter t-shirt. The community was bullish with Musk’s acquisition and it was potentially a hint about Dogecoin (DOGE) integration to the Twitter platform.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

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