- Elon Musk’s cryptic tweet referencing “DOGE” sparked renewed excitement among Dogecoin supporters, reigniting discussions on social media.
- Musk’s ongoing playful references to Dogecoin continue to keep the community engaged, despite recent legal battles surrounding cryptocurrency.
- Dogecoin prices have fallen by 2.39% in the last 24 hours, reflecting a broader market decline across the cryptocurrency sector.
Elon Musk is once again capturing the attention of the Dogecoin (DOGE) community. The Tesla and SpaceX CEO tweeted a message that read, “Department of Government Efficiency,” accompanied by an image of himself. The acronym “DOGE” quickly caught the eye of cryptocurrency enthusiasts, sparking excitement across social media.
Playful DOGE Reference Draws Attention
Musk’s playful use of the acronym “DOGE” in his tweet wasn’t lost on his followers. As a known supporter of the meme-based cryptocurrency, his message immediately reignited speculation and conversation. Alongside the tweet, an image of Musk was featured, adding to the intrigue.
This is not the first time Musk has made headlines with his subtle nods to Dogecoin. In recent weeks, he has continued to reference the digital currency in lighthearted social media posts. These playful comments have kept Dogecoin enthusiasts on alert for any possible implications, especially given Musk’s past influence on cryptocurrency prices.
Legal Victory for Musk and Tesla
Recently, Musk and Tesla won a significant legal battle when a lawsuit accusing them of promoting Dogecoin in a $258 billion “pyramid scheme” was dismissed. The lawsuit claimed that Musk artificially inflated the price of Dogecoin, but the court ruled in favor of the tech mogul, further bolstering his influence in the cryptocurrency world.
Dogecoin’s Price Performance
Despite the buzz surrounding Musk’s latest tweet, Dogecoin’s price has continued to face upward movement. Over the past 24 hours, the cryptocurrency experienced a 2.96% rise, with its value standing at $0.09438. The broader cryptocurrency market has also seen a decline, with Bitcoin hitting its lowest point in a month.
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