Dogecoin Rises 17% After Musk Tweet: Should You Buy DOGE?
Dogecoin is the highest-gaining cryptocurrency out of the top 40, and Elon Musk is to thank for the recent surge. Musk tweeted on Tuesday that “D.O.G.E will fix it” in response to a Los Angeles Times article about California officials preventing Musk’s SpaceX from conducting more rocket launches. The D.O.G.E he was referring to is an idea posed by Donald Trump about a government efficiency commission – the Department Of Government Efficiency. Trump has said that if he was elected he would make Musk the head of this division. DOGE responded extremely well to this tweet by Musk. Over the past 24 hours, Dogecoin has jumped 6.8%. It’s also up 17% this week, currently priced at $0.1236. Given Musk’s influence over the Dogecoin valuation in 2021, Trump winning the election could create a massive tailwind for the world’s largest meme coin to continue growing. Elon Musk, Bitcoin Drive Dogecoin Upward Source: Business Today The asset has long been consolidating, showing signs of stagnancy when