fbpx
Skip to content Skip to sidebar Skip to footer

Dogecoin Rebounds After Elon Musk Hints Tesla’s Adoption of the Coin

Looks like it might not be the end for the meme-based coin.

Dogecoin (DOGE) has just seen a rebound after Tesla CEO Elon Musk tweeted a poll asking his followers if Tesla should be accepting the shiba inu currency as payment.

As of writing, 76.6% of 1.9 million respondents voted “Yes”. Just within minutes after the poll was tweeted, DOGE shot up by 10.96% which brought its price from $0.483 to $0.539.

DOGE experienced its first notable rally in April 13 this year, only to (ironically) lose the momentum when DOGE enthusiasts kept using the hashtags #DogeDay and #DogeDay420 on Twitter, Reddit and TikTok.

The coin then went back up again and has reached an ATH of $0.71 on May 8. Optimistic DOGE fans were hoping for the May 8’s SNL — with Elon Musk appearing on set — to be the catalyst that pushes DOGE to hit $1.

Alas, DOGE’s figurative journey to the moon was cut short as it jumped down from $0.65 to $0.43 within the same day of the SNL show.

SpaceX (also founded by Elon) and Geometric Energy Corporation’s collaboration to send DOGE on a Moon mission was revealed on May 9.

 

[Read More: SpaceX Will Be Sending DOGE-1 on a Moon Mission]

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us