Musk’s tweet dropped at 11.25am UK time on Thursday — and as you’d expect, prices raced up very quickly.
It seems Elon Musk can tweet *literally anything* about DOGE and prices will rocket.
The Tesla “Technoking” gave his most recent contribution on April Fool’s Day, when he tweeted:
“SpaceX is going to put a literal Dogecoin on the literal moon.”
Notwithstanding the practical concerns associated with this — Dogecoin isn’t a physical object, and SpaceX has its work cut out to get to the literal moon — the joke cryptocurrency raced higher following the tweet.
A Big Boost
Musk’s tweet dropped at 11.25am UK time on Thursday — and as you’d expect, prices raced up very quickly from their steady level at $0.054.
After an hour, DOGE had peaked at $0.069… a 28% increase.
Although the coin later fell 14.5% from this level, prices have since settled at $0.059, meaning that they’re up a good 10% on where they started the day.
On a 24-hour timeframe, DOGE is up 11.59% — and it’s risen by 17.6% over the past seven days.