Elon Musk and His Power to Sway Dogecoin Community, Does He Hold DOGE Massively?

Elon Musk’s recent move to replace the Twitter logo with a “Doge” meme resulted in a massive boost in DOGE social volumes. Traders hint at a possible price retracement ahead. Elon Musk created a storm in the crypto space earlier this week by changing the Twitter logo to a Shiba Inu “doge” meme. This was in direct reference to the billionaire’s everlasting support to the memecoin crypto DOGE. This development at Twitter was enough to send the DOGE price skyrocketing by more than 30% instantly moving to 10 cents at one…

Is Dogecoin coming to Twitter? Watch The Market Report

This week on The Market Report, Cointelegraph analyst and writer Marcel Pechman breaks down everything that has been happening between Twitter, Elon Musk and Dogecoin (DOGE). He also covers the Changpeng “CZ” Zhao arrest rumors and Japanese crackdowns on crypto exchanges. Bitcoin price bounces after CZ arrest rumors as traders eye $30K next Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $27,240 on Bitstamp. Its lowest since March 28, the performance followed an outbreak of claims that Binance CEO Changpeng “CZ” Zhao, already under investigation by United…

Why is Dogecoin price up today?

Dogecoin (DOGE) pared a portion of its massive daily gains on April 4 as investors speculated on the meaning behind Elon Musk’s latest cryptic stunt. Elon Musk pumps Dogecoin by over 30% In what appears to be a late April Fool’s joke, Musk-owned Twitter changed its official blue bird logo to mimic Dogecoin’s symbol — a Shiba Inu dog featured in viral memes. Later, Musk tweeted a meme recognizing the change. pic.twitter.com/wmN5WxUhfQ — Elon Musk (@elonmusk) April 3, 2023 Over the years, Musk has historically influenced the Dogecoin market with…