Dogecoin Price Skyrockets After Elon Musk Calls It His ‘Favourite Cryptocurrency

[sirty143]

Dogecoin was created as a goof. It was inspired by a meme and survived on the fuel of internet pop culture. Although its creator warned that the something was “very wrong” when his joke cryptocurrency hit the 2 billion dollar market cap mark, many experts still look favorably at the coin. Their community is strong and Doge doesn’t seem to be going anywhere.

Dogecoin also likes to stay true to its original light and goofy self. On April Fools day the official Dogecoin Twitter account posted a playful poll. They asked their community who should be tapped as the new CEO of Dogecoin. Elon Musk won the poll by a wide margin, beating Vitalik Buterin, Charlie Lee, and Marshall Hayner.

Elon Musk responded to the poll with a tweet praising Dogecoin.

“Dogecoin might be my fav cryptocurrency. It’s pretty cool.” And later added, “Dogecoin rulz.”

https://twitter.com/elonmusk/status/1113009339743100929

The community predictably responded with celebratory memes. Dogecoin also enjoyed a nice pump that may or may not have been related to Musk’s tweets.

This isn’t the first time Elon Musk has mentioned Dogecoin. In fact, back in 2018, the billionaire reached out to Dogecoin creator Jackson Palmer. Musk asked Palmer to help him figure out a way to deal with Twitter spambots.

https://twitter.com/elonmusk/status/1041572165898792961

https://twitter.com/ummjackson/status/1041572805236539393

Source: ZyCrypto

[kent47400]

Oh My God!
Elon Musk the creator of the Tesla car and is now supporting DOGE, amazing!
I like good news like this because with these circumstances, it is he who makes DOGE perfect to continue to be supported.

[moonuranus]

And now as expected the price increase is just a hype because of that Elon Musk statement, our dogecoin is now getting back to its old position of even deeper, but still hodl for the future.

[masudginanjar]

Good, that's the right choice from Elon Musk and he's right to choose the right Cryptocurrency.
Because usually pablik figures like Justin Sun also have so many coins that are even billions and indeed true and right Elon Musk chose Doge Coin.

[jonathancool220]

The high Hive created by Elon Musk has a very positive effect on DOGE Coin.
I see this very much a reference for the Hodlers, unfortunately maybe the brand is not grateful because after the Hive the price of the Doge came back down.