Elon Musk Influences DOGE with Latest Tweet

Elon Musk's Latest Tweet Impacts Dogecoin

Elon Musk's social media activity has consistently influenced the cryptocurrency market, particularly during the recent Bitcoin bull run. Now, his latest tweet has stirred conflicting reactions within the crypto community.

Elon Musk and Dogecoin

Earlier today, Musk tweeted an image of his dogs, including a Shiba Inu. Notably, he included the word "DOGE" in the caption.

Market Reaction

Despite the buzz surrounding Musk's tweet, Dogecoin's price remained relatively stable, hovering around $0.33. This suggests that the market may have become less responsive to Musk's social media activity.

Impact on Other Cryptocurrencies

Typically, such tweets from Musk would lead to a surge in meme coins like DOGE, SHIB, and FLOKI. However, this time, these coins have not seen a significant increase.

Bitcoin's Role

Bitcoin is currently trading at $98,760. For a broader rally in altcoins, it may need to cross the $99,500 resistance level.