Elon Pumps ⛽️ Dogecoin 🐶 Again
DOGE lead the rally with double-digit gains, climbing as high as 26% in a matter of hours.
Over the weekend, meme coins rallied hard after Elon Musk changed the Twitter logo to the famous Dogecoin meme. DOGE lead the rally with double-digit gains, climbing as high as 26% in a matter of hours. However, the largest meme coin by market cap was not the only one to benefit from this. Ethereum dominance has finally begun to climb again.
PBN Research
Dogecoin
https://cointelegraph.com/news/why-is-dogecoin-price-up-today
Over the years, Musk has influenced the Dogecoin market with his cryptic tweets. The billionaire investor calls himself “Dogefather,” and has earlier discussed the prospect of adding a DOGE payment option for Twitter subscription services.
His other ventures, Tesla and SpaceX, already accept DOGE for their merchandise products.
Dogecoin rose nearly 33% after Musk’s tweet on April 3, reaching $0.104
Blue Check Mark Controversy
Elon Musk vs. SEC
The lawyers argued that the lawsuit is based on “innocuous and often silly tweets” made by Musk over the years and thus holds no merit in court. Musk’s lawyers added that the plaintiffs have not explained how Musk intended to defraud anyone or what risks he concealed through the tweets.
The lawyers stated:
“There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion.”
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