Elon Musk Again Drives the Doge Price Through the Roof, Here’s What’s Happening

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Last Updated on November 1, 2022 by Bitfinsider

The price of Dogecoin (DOGE) skyrocketed last week following Elon Musk’s admission that he had acquired Twitter. For the first time since May of this year, DOGE momentarily breached the $0.01 threshold and $0.14. On Monday, DOGE took a little break, but it was short-lived.

Numerous Dogecoin community members believed that a tweet from Musk would be sufficient to spark another DOGE rise. And Musk did not let the Dogecoin community down.

The CEO of Tesla and SpaceX tweeted the following image at 00:17 EDT, which depicts a Shiba Inu wearing a Twitter shirt and a pumpkin with the Twitter logo.

Even though Musk merely included a winking smiley as text, it was evident to the community that DOGE would soon be a payment option on Twitter. Exactly similar rumor was also responsible for the recent rising price rises.

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