The price of DOGE immediately jumps as soon as Musk mentions the memecoin. In fact, much of the popularity of Dogecoin can be attributed to Elon Musk. After a period of continuous mentions of megacoin last year, there has been a lull lately. DOGE price has been widely fluctuating around the $0.058 level lately.
Elon Musk and the Dogecoin project
Following the news that Elon Musk was set to take over Twitter in April, DOGE got huge traction. The news has many people wondering if Elon Musk is going to allow Dogecoin payments on Twitter. Finally, with Musk’s intention to buy Twitter at the original offer price, the DOGE community was thrilled. However, there has been no official indication from Musk or the Dogecoin team.
Elon liking his own tweets liking his own tweets …
— Elon Musk (@elonmusk) October 6, 2022
On Friday, the Chairman and CEO of Tesla had interacted with a designer of Dogecoin. He responded to a witty tweet from DogeDesigner, a graphic and UI designer from the Dogecoin Foundation. This is an interesting development given its renewed interest in acquiring Twitter and DOGE’s future prospects.