[Blockchain Today Reporter Seoyeon Jang] When Elon Musk, CEO of SpaceX and Tesla once again promoted the coin on his Twitter page, Dogecoin rose more than 20% and soared to $0.31. .
Musk’s tweet, “Toji’s father, SNL May 8th,” refers to the venue he recently announced on “Saturday Night Live.
The tweet hit a new high two weeks ago and raised the value of cryptocurrency, which had recently declined.
Dogecoin experienced another surge last week, with its value rising by about 20% as traders declared’Doji’s Day’ on April 20th.
Dogecoin, the theme of the Shiba Inu dog meme, was launched in 2013 and has garnered huge followers online. Currently, many celebrities such as rapper Snoop Dog and KISS rock star Gene Simmons support the digital coin.
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