Elon Musk's Political Endorsements and Dogecoin's Rise
Elon Musk, the multifaceted CEO of Tesla, has recently expanded his influence into the political realm. From supporting former US President Donald Trump to establishing a ministry dubbed "DOGE," Musk's ventures continue to make headlines.
Musk's Twitter Activity
Musk took to his X Twitter account to share a personal photo from a previous campaign rally for Trump. Notably, the post included an image of Dogecoin (DOGE).
Impact on Dogecoin's Price
Musk's tweet sparked a 3.5% surge in DOGE's price, propelling it to $0.143 within 24 hours.
Historical Correlation
Musk's past tweets and statements have consistently influenced DOGE's price performance, often leading to significant fluctuations.
Musk's Dogecoin Legacy
Musk has embraced the "Dogefather" persona and has accepted Dogecoin as a payment method for Tesla vehicles.
Disclaimer
This article is not intended as investment advice.