Elon Musk's Influence Continues to Drive Dogecoin's Volatility
TL;DR Summary
Dogecoin, the meme-based cryptocurrency, saw a 30% surge in price on Tuesday after Elon Musk's Twitter changed its homepage logo to a Shiba Inu dog. While the price has since slipped 3%, the support from Musk and the memecoin rally could continue. Dogecoin was inspired by an internet meme involving a Shiba Inu dog and is visually represented by the breed.
- Dogecoin Is Falling. Why the Memecoin Rally Still Has Legs. Barron's
- Elon Musk could lose his fortune in £206bn court case over dogecoin 'pyramid scheme' Daily Star
- Dogecoin Value Zoomed as Elon Musk Changes Twitter Logo to DOGE on Web and Skyrockets to 30% Analytics Insight
- Why is doge on Twitter? What to know about the crypto icon, Elon Musk. The Washington Post
- Dogecoin surges after Elon Musk uses token's logo as Twitter's symbol Yahoo Finance
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