[ad_1] <br><div> <p>The Doge father himself, Elon Musk, has breathed new life into the Dogecoin value with a tweet, triggering a 4% spike. The Twitter CEO responded to a preferred Dogecoin group member and as soon as once more sparked the “Musk impact” for the DOGE value.</p> <p>Traditionally, nearly each Dogecoin-related tweet from Musk triggers some improve within the value of DOGE. Nevertheless, this spike is commonly short-lived, at the least if the information doesn't have a lot significance.</p> <h2>Dogecoin Rises Due To Elon Musk Joke</h2> <p>As we speak’s tweet from Twitter CEO Musk in all probability belongs to this class of tweet. In a light-hearted tweet, Musk responded to Twitter consumer “DogeDesigner” (@cb_doge), who desires to go to the social media firm’s headquarters when he travels to the USA in a month. He <a target="_blank" href="https://twitter.com/elonmusk/status/1638832976166531073" rel="noopener nofollow">wrote</a>:</p> <blockquote><p><strong>Hey Chief Twit Elon Musk. I shall be touring to the US subsequent month to witness the Starship Launch. Would love to go to the chook app headquarters too. I spoke with somebody from the workforce & they mentioned, I want your permission to go to.</strong></p></blockquote> <p>Musk jokingly replied that it will value 3 DOGE: “Okay, however it is going to value 3 doge.” Amongst Dogecoin buyers and merchants, this may occasionally have as soon as once more fueled the rumor that Dogecoin will someday be accepted as a <a target="_blank" href="https://bitcoinist.com/elon-ditching-dogecoin-twitter-preparing-coin/" rel="noopener">payment method on Twitter</a>.</p> <amp-twitter width="auto" height="197" layout="fixed-height" data-tweetid="1638832976166531073" class="twitter-tweet i-amphtml-layout-fixed-height i-amphtml-layout-size-defined" data-width="500" data-dnt="true" style="height:197px" i-amphtml-layout="fixed-height"><button overflow="" type="button">See extra</button><blockquote class="twitter-tweet" data-width="500" data-dnt="true" placeholder=""> <p lang="en" dir="ltr">Okay, however it is going to value 3 Doge</p> <p>— Elon Musk (@elonmusk) <a target="_blank" href="https://twitter.com/elonmusk/status/1638832976166531073?ref_src=twsrc%5Etfw" rel="nofollow noopener">March 23, 2023</a></p></blockquote></amp-twitter>
<p>Nevertheless, there isn't any strong proof for this in the meanwhile. In latest months, it has change into very quiet a few attainable integration of cryptocurrencies like Dogecoin on Twitter. Although Elon Musk drops just a few Dogecoin tweets now and again, a DOGE integration appears to be off the desk in the meanwhile.</p>
<p>However, the worth of the biggest meme coin by market cap all of the sudden started to rise shortly after Elon Musk’s tweet. A temporal causality is undoubtedly current.</p> <p>Musk responded to a different tweet from “DogeDesigner” just some hours earlier, writing, “$44 Billion was not the price of Twitter. It was the price of restoring free speech.” Musk responded with, “Some issues are priceless.”</p> <p>In any other case, Musk has been making headlines these days for his feedback on Federal Reserve (Fed) coverage. In a pinned <a target="_blank" href="https://twitter.com/elonmusk/status/1638614961038712833" rel="noopener nofollow">tweet</a>, Musk writes {that a} huge purpose depositors are fleeing is that individuals are shifting their cash from low-interest financial savings accounts to high-interest cash market accounts (Treasury payments).</p>
<p>Earlier than yesterday’s Fed fee choice, Musk known as for a 50 foundation level fee reduce to save lots of “the melting banks.” He additionally expressed assist for requiring the FDIC to quickly insure all deposits above the present $250,000 cap to “cease financial institution runs.”</p> <h2>DOGE Worth Appears Bearish</h2> <p>The DOGE value has elevated by 4% in a brief time period, however the momentum has not been sufficient to interrupt the robust resistance zone round $0.08. So long as DOGE trades under this mark, the meme coin is more likely to see additional consolidation or draw back.</p> <figure id="attachment_223472" aria-describedby="caption-attachment-223472" class="wp-caption aligncenter amp-wp-23de536" data-amp-original-style="width: 3625px"><amp-img class="size-full wp-image-223472 amp-wp-enforced-sizes i-amphtml-layout-intrinsic i-amphtml-layout-size-defined" src="https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49.png" alt="Dogecoin DOGE price" width="3625" height="1672" srcset="https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49.png 3625w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-640x295.png 640w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-980x452.png 980w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-768x354.png 768w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-1536x708.png 1536w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-2048x945.png 2048w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-750x346.png 750w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-1140x526.png 1140w" sizes="(max-width: 3625px) 100vw, 3625px" layout="intrinsic" disable-inline-width="" i-amphtml-layout="intrinsic"><i-amphtml-sizer slot="i-amphtml-svc" class="i-amphtml-sizer"><img alt="" aria-hidden="true" class="i-amphtml-intrinsic-sizer" role="presentation" src="data:image/svg+xml;base64,PHN2ZyBoZWlnaHQ9IjE2NzIiIHdpZHRoPSIzNjI1IiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZlcnNpb249IjEuMSIvPg=="/></i-amphtml-sizer><noscript><img decoding="async" loading="lazy" src="https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49.png" alt="Dogecoin DOGE price" width="3625" height="1672" srcset="https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49.png 3625w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-640x295.png 640w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-980x452.png 980w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-768x354.png 768w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-1536x708.png 1536w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-2048x945.png 2048w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-750x346.png 750w, https://bitcoinist.com/wp-content/uploads/2023/03/DOGEUSD_2023-03-23_14-00-49-1140x526.png 1140w" sizes="(max-width: 3625px) 100vw, 3625px"/></noscript></amp-img><figcaption id="caption-attachment-223472" class="wp-caption-text">Dogecoin value, 4-hour chart | Supply: <a target="_blank" href="https://www.tradingview.com/x/9TPP8XIo/" rel="noopener nofollow">DOGEUSD on TradingView.com</a></figcaption></figure> <p>Featured picture from Enterprise As we speak, chart from TradingView.com</p> </div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://bitcoinist.com/dogecoin-surges-4-due-to-this-elon-musk-tweet/amp/">Source link </a>