Hold onto your Dogecoins, folks, because the King of Crypto, Elon Musk, is at it again! Our favorite meme-loving, Tesla-driving billionaire made a bold statement at this year’s Super Bowl by rocking a Dogecoin T-shirt like a boss.
But while the internet was busy losing its mind over Elon’s latest stunt, some naysayers are questioning his relentless support of the Shiba Inu-inspired cryptocurrency. They say it’s a speculative bubble waiting to pop, but Elon just waves it off and calls Dogecoin the “people’s cryptocurrency.” Can you imagine a world where Doge is the global currency? We’re not sure about that one, but anything is possible with Elon at the wheel.
Oh, and by the way, the Super Bowl was dubbed the “Crypto Bowl” last year with all sorts of crypto companies airing crazy ads. But this year, the crypto world was noticeably absent, much to the delight of its critics. But who needs the Super Bowl when you’ve got Elon Musk on your side?
Impact Of This Move!
Who knew that a simple T-shirt could cause such a stir in the crypto world?! When the one and only Elon Musk stepped out at the Super Bowl sporting a Dogecoin shirt, the internet went wild. And it looks like the Dogecoin market took notice too!
According to CoinMarketCap, Dogecoin’s price saw a 2.59% bump in just 24 hours. Now, we know what you’re thinking, “but what about the 9.06% dip over the last week?” Hey, no one said the crypto game was easy, but a little positive momentum never hurts. Currently, Dogecoin is trading at a cool $0.08404.
And the good news doesn’t stop there! Dogecoin is also holding its own against crypto heavyweights Bitcoin and Ethereum, with a 2.24% and 3.18% edge respectively.
Moreover, the daily trading volume for Dogecoin is up a whopping 230%! With a daily trading volume of $703,246,418, this meme coin is making some serious moves. So, to all you traders and investors out there, take note and don’t let this opportunity pass you by!