Elon Musk Approves a New Use Case for Dogecoin (DOGE)
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Elon Musk, the CEO of the popular electric car company, Tesla Inc., has again tweeted about his favorite cryptocurrency, Dogecoin (DOGE). The price of the meme token has been on a significant rise since the tweet was posted.

Elon Musk has been an obvious fan of Dogecoin (DOGE) over the years. Over the last 24 hours, the digital token has been experiencing a magnificent uprising, which took its price beyond $0.1 resistance and made the coin occupy a space among the top 10 digital currencies.

Read Also: After a TikTok Challenge, Dogecoin (DOGE) Surges By Over 15%

Elon Musk Says Dogecoin (DOGE) Is Barking At the Moon

Elon Musk took to Twitter moments ago to tout Dogecoin (DOGE) as usual. In the tweet, Musk captioned the image of a very long ladder, the moon, and a dog barking while facing the moon. He then joked that Dogecoin (DOGE) is barking at the moon.

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Elon Musk tweeted, “Doge Barking at the Moon.”

Read Also: Mark Cuban: People Keep Buying Mavs with Dogecoin, We Will Continue To Accumulate DOGE

As expected, the tweet has already accrued thousands of reactions and still counting, as this is such a tweet Dogecoin enthusiasts have been longing for.

Dogecoin (DOGE) Price Reacts Positively to Elon Musk’s Trending Tweet

Since the billionaire entrepreneur and tech expert shared the tweet, Dogecoin (DOGE) has embarked on another phase of price upsurge.

Although Elon Musk is possibly joking around the meme token as he’d claimed in the past, his joke is currently making many Dogecoin (DOGE) investors and traders laugh all the way to the bank.

Read Also: Elon Musk Just Changed His Twitter Bio To “meta for k”, Is He Really Trolling Cardano (ADA)?

At the time of filing this report, DOGE has displaced Chainlink (LINK) from the 10th position in the market and it’s trading at $0.1363, with a relatively 21% price upsurge in the last 24 hours.

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Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.