During the town hall, Elon Musk jokingly referred to a potential government efficiency initiative as "D.O.G.E."—prompting cheers from the audience and a subsequent 15% surge in Dogecoin's price. This incident underscores Musk's significant influence over the cryptocurrency market, particularly with Dogecoin, which he has promoted consistently over the years.
Musk's endorsement of Dogecoin has historically driven its price movements, with the latest uptick following his comment linking it to a government initiative. This reaction illustrates the growing synergy between celebrity influence and cryptocurrency valuations in the current market landscape.
Collection
[
|
...
]