Dogecoin Skyrockets Following Latest Elon Musk Tweet
Elon Musk’s recent social media post has caused the price of Dogecoin to rise again. The post was a picture of Musk’s dog and included a sarcastic message about the new CEO of Twitter, which sent the price of Dogecoin soaring. Musk has always been a big fan of Dogecoin and has consistently been kind to the asset. He previously referred to it as the “people’s crypto” and hopes to leave a Dogecoin on the moon by sending it up to space on one of his SpaceX rockets. Despite his fondness for Dogecoin, Musk rescinded Bitcoin’s status as a potential payment method for Tesla vehicles just weeks after agreeing to accept it. Musk is also potentially looking for a replacement for his CEO position towards the end of 2023, but it’s unclear who he has in mind or if he truly plans to find a replacement. The recent optimistic tweet about Dogecoin has given hope to people that the asset could once again flourish and make its way into the accepted payment methods of Twitter.