.elonmusk’s new tweet pushes $DOGE 5.76% up – “The Elon Musk affect” working? Dogecoin
may have again managed to push the price of his favorite Dogecoin up a little. DOGE has been trading in the green since Friday, when Musk announced that there are chances that the cage fight between him and Mark Zuckerberg will take place in Colosseum.On Friday, DOGE was more than 4% up. Now, Dogecoin is changing hands at $0.06808. Earlier today,Elon Musk tweeted “Dogs rock” in response to a tweet by a user “DogeDesigner” , where he posted a meme with a puppy.
A few years ago, when Musk’s tweets often were able to push the DOGE price up, there was even a special term mentioned in the media – “The Elon Musk effect”. It worked not only for DOGE but for Bitcoin price as well back in 2021 when Tesla made BTC a payment option for a short while. Many lawyers and market experts back then started to accuse Musk of manipulating the market .
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