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Elon Musk Latest Tweet And Impact on Crypto Market

elon-musk-tweet

The DOGE price is $0.054 which is 92.6% lower than ATH.

OKX and CoinGecko participate in the tweet conversion

Elon Musk is once again stepping forward to heat the Dogecoin sales. Early today, Musk made a tweet with just a single word “Cryptonight ” and with no further explanation. Parallelly, the memecoin is planning to release multiple products in the ecosystem.

elon-musk-tweet

In the previous weeks, Doge has been moving along the downline as every other cryptocurrency in the market. As of writing this, the value of DOGE is $0.054. The All-Time High of the coin $0.7376 was on May 8, 2021, which is 92.6% above the current value. The reason is estimated to be the SNL event by Elon Musk. 

dogecoin-cmc
DOGE Price Chart (Source: CMC)

The audience of SNL was around 10 billion, and the impact post this was huge. Now the fan base for both DOGE and Musk has increased, so any initiative by Musk now will skyrocket the growth in the DOGE market and pass that over the moon.

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