The Dogecoin price was reignited today after a shout-out from the Dogefather himself, Elon Musk. Since purchasing Twitter earlier this month, speculation has been swirling about potential DOGE implementations on the platform.
With the possibility of the FTX contagion still hanging in the air, industry leaders are worried about the potential market effects. However, Dogecoin appears to be bucking the trend as it has risen by more than 10% in the past 24 hours.
Elon Musk Reignites Dogecoin Interests
The contrasting performance of DOGE compared to other cryptocurrencies is mostly due to Elon Musk saying “DOGE to the moon” during a Twitter Space on Nov. 11. The Twitter space was hosted by Mario Nawfal and discussed the implication of the FTX crash on the market.
During the discussions, Musk said he was “working hard on the DOGE.”
This is the first confirmation from Musk about his plans for DOGE since reports revealed…
