The popular meme coin Dogecoin (DOGE) has skyrocketed in price after a dog mascot attended the opening of Tesla’s new manufacturing facility. In addition to being the CEO of Tesla and perhaps one of the most famous entrepreneurs in the world, Elon Musk has been widely known in the cryptocurrency space for a while, mentioning DOGE in his tweets and causing price changes. Here are the details and price movements…
Dogecoin traces at Tesla’s facility launch
Dogecoin, based on a Shiba Inu dog, is at the event held for the launch of the Texas Gigafactory, Cyber Rodeo, of a dog mascot of this breed. He rose to prominence when he took part in a drone show. The DOGE mascot appeared surprisingly on Tesla’s drone screen, and the DOGE price rose slightly, delighting DOGE owners. Dogecoin’s mascot feature in Tesla’s Cyber Rodeo may not come as a surprise to many. As we reported as Kriptokoin.com, the owner of the American electric car company, Elon Musk, has always been on the rise when it comes to meme coin.
Tesla CEO mentioning DOGE on Twitter multiple times resulted in an increase in the value of the asset. Musk also went a step further in his support for DOGE by enabling Dogecoin payments for the purchase of Tesla cars. The increase in value also manifested itself in the launch of Tesla’s huge facility in Texas.
DOGE price has risen
With a market value of 20.2 billion dollars, DOGE, which is in the twelfth place, rose from $0.1417 to $0.1527 after the mascot appearance at the opening of Tesla’s Texas factory, an increase of close to 5%. lived. The coin has experienced a pullback to $0.1518 at the time of writing. In addition to the 24-hour price movement, DOGE’s seven-day increase is 10.3 percent, while its fourteen-day increase is 11.5 percent.
Despite the news about Elon Musk, DOGE is still well behind the all-time high (ATH) of $0.73, which it saw exactly 11 months ago, on May 8, 2021. staying. At its current price, DOGE is trading as much as 79.2 percent below its ATH.
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