Elon Musk Picks 'Doges' Over Cats, Dogs — But Did His Tweet Send Dogecoin To The Moon?
Portfolio Pulse from Mehab Qureshi
Elon Musk, known for his influence on the price of Dogecoin (CRYPTO: DOGE), responded to a Twitter user's question about his preference between dogs and cats with a single word: 'Doges'. Despite Musk's history of tweets causing significant price movements in DOGE, his latest tweet did not have any significant impact on the coin's price, which was trading at $0.06, down 1.32% in the last 24 hours.
July 18, 2023 | 10:30 am
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Elon Musk's tweet about 'Doges' did not significantly impact the price of Dogecoin, which was down 1.32% in the last 24 hours.
Elon Musk's tweets have historically caused significant price movements in Dogecoin. However, his latest tweet about 'Doges' did not have a significant impact on the coin's price, which was down 1.32% in the last 24 hours. This suggests that the market may be becoming less reactive to Musk's tweets about Dogecoin.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100