Elon pump is real! After a tweet about Dogecoin that posted on Twitter by Elon Musk on February 04, 2021, the coin’s price surged up to $0.059 which is about a 50% increment.
Actually, there are tweets more than one. The highlighting one was the “Lion King” meme. Featuring an edited image of himself rising Doge to the sky while saying, “ur welcome”.
According to a report by Coindesk, there are some reasons regarding the Dogecoin hype this year. Following, by January 29, DOGE surged up to $0.082 per coin. It is a massive 800% increment from starting point.
Reportedly, this massive price action triggered by attention from the major Reddit groups. And along with a TikTok post about the “Dogecoin army” by niche celebrity Carole Baskin from Netflix’s “Tiger King.”
Also, In January, adult actress Angela White said she was a holder of Dogecoin. That news also caused a 2x price increment. How sweet this Doge is?
The most interesting thing is, the Dogecoin was started in 2013 as a hilarious cryptocurrency. But now at the time of writing, it is the 15th largest cryptocurrency by trading volume. Well, do you also have a stack of Dogecoins?