FLOKI

Elon Musk

<p class="is-style-lead">Dogecoin, one of the top meme coins in the cryptocurrency market, has experienced a significant rise in price thanks to “dogefather,” Elon Musk’s response to a dog-themed tweet.</p>



<h2 class="wp-block-heading" id="elon-musk-is-at-it-again">Elon Musk is at it again&nbsp;</h2>



<p><a href="https://crypto.news/elon-musks-tweet-sends-milady-coins-price-soaring-over-3000/">Elon Musk,</a> known for his interest in cryptocurrencies and meme culture, recently took to Twitter to respond to a dog-themed tweet posted by user @EPavlic.</p>



<p>In the tweet, @EPavlic shared a short video of her dog, praising its remarkable hair. Musk&#8217;s response, in the form of a dog-themed meme, caught the attention of the cryptocurrency community and sparked a surge in the price of dogecoin (<a href="https://crypto.news/price/dogecoin/">DOGE</a>).</p>



<p>The impact of influential figures on meme coins cannot be underestimated. Elon Musk&#8217;s tweets and public statements have often influenced the cryptocurrency market, including dogecoin.&nbsp;</p>



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            Elon Musk’s tweet sees DOGE and FLOKI rally        </a>

    
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<p>As one of the most vocal supporters of dogecoin, Musk&#8217;s involvement has once again impacted the price of DOGE positively.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Such Doge, much hair! 😂🐾 <a href="https://twitter.com/BillyM2k?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@BillyM2k</a> <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@elonmusk</a> <a href="https://twitter.com/dogeofficialceo?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@dogeofficialceo</a> <a href="https://t.co/imaUn8BNLX" target="_blank">pic.twitter.com/imaUn8BNLX</a></p>&mdash; Endrina Pavlić (@EPavlic) <a href="https://twitter.com/EPavlic/status/1658545747027959809?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<h2 class="wp-block-heading" id="dogecoin-8217-s-price-analysis-and-the-rise-of-meme-coins">Dogecoin&#8217;s price analysis and the rise of meme coins</h2>



<p>As recently <a href="https://crypto.news/dogecoin-daily-transactions-hit-record-high-overtaking-bitcoin/">reported</a> by crypto.news, dogecoin&#8217;s new-found bullish momentum is being fueled by the excitement surrounding the DRC20 token standard, which has brought renewed attention to the meme coin.&nbsp;</p>



<p>As dogecoin regained momentum, it encountered a notable resistance level at $0.0783, which previously acted as a support zone throughout April.</p>



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<iframe loading="lazy" title="ELON MUSK On Dogecoin and Bitcoin" width="1020" height="574" src="https://www.youtube.com/embed/gq5vm6kGhJ4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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<p>The cryptocurrency market is witnessing the rise of several popular meme coins alongside DOGE this year.&nbsp;</p>



<p>Meme coins like <a href="https://crypto.news/shiba-inu-achieves-new-single-day-burn-record/">shiba inu</a>, pepe, <a href="https://crypto.news/floki-listed-on-3-new-exchanges-amid-meme-token-bull-market/">floki</a>, and others, are attracting attention due to their strong community support. These coins capitalized on the power of social media and memes to attract a broader audience.</p>



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Elon Musk’s latest tweet boosts DOGE price

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