Twitter CEO Elon Musk put the Dogecoin value on a brief rally of 5.7% just a few hours in the past as he as soon as once more expressed his love for the meme coin. After the Twitter acquisition, the hype round DOGE had been dwindling, partly as a result of Musk has some points to resolve at his new firm and is scuffling with declining promoting income.
The Twitter Coin additionally triggered a damper inside the Dogecoin group, because the Reddit-like reward system will initially solely use fiat gateways, and never the meme coin as a method of fee. Because it stands, crypto funds on Twitter have slipped down the precedence listing for now.
Nonetheless, Elon Musk confirmed that he’s nonetheless an enormous fan of DOGE on two events in the course of the NFL Tremendous Bowl LVII recreation between the Kansas Metropolis Chiefs and the Philadelphia Eagles. The primary shock Musk had in retailer for the Dogecoin group was that he wore a Dogecoin fan shirt in the course of the recreation, that includes a Shiba Inu carrying sun shades and a cowboy hat.
Elon carrying a #Dogecoin shirt at #SuperBowlLVII.👍$Doge pic.twitter.com/IxbUMOpDRq
— The Doge Kennel 💪🇺🇸 (@TheCryptoKennel) February 13, 2023
Elon Musk Speaking Dogecoin
As well as, the Tesla CEO triggered a DOGE value spike with only a one-word tweet wherein he mentioned he talked about Dogecoin with Fox Information proprietor Rupert Murdoch at Sunday’s Tremendous Bowl soccer recreation.
The truth that Musk and Murdoch sat and talked on the occasion has already sparked hypothesis about what the 2 monetary tycoons have to speak about and whether or not the 2 entrepreneurs might be planning any joint tasks sooner or later.
And Elon Musk as soon as once more confirmed his affect on the DOGE value when he responded to a tweet from Genevieve Roch-Decter, CEO of Grit Capital, who invited customers to present mistaken solutions about what Elon Musk and Rupert Murdoch are speaking about on the Tremendous Bowl. Musk answered: “Dogecoin.”
Dogecoin
— Elon Musk (@elonmusk) February 13, 2023
Whether or not Musk and Murdoch actually did discuss Dogecoin is unknown – particularly since Roch-Decter requested for under false solutions. It appears extra possible that DOGE was not less than not the primary subject of their dialog, and the reply was quite a distraction in addition to one other reward to the Dogecoin group after Musk already confirmed up in his DOGE fan shirt on the Tremendous Bowl.
Nonetheless, Elon Musk has breathed new life into the DOGE value – in a crypto market that’s nonetheless digesting the U.S. Securities and Change Fee’s motion in opposition to Kraken over its crypto-staking providing. At press time, the DOGE value stood at $0.0842.
Nonetheless, the 4-hour chart reveals that the rally got here to an early finish when the worth hit the resistance space at $0.0862. Thus, DOGE additionally didn’t rise above the 200-EMA within the 4-hour chart.
Featured picture from Coinmarketcap, Chart from TradingView.com
