Why Dogecoin immediately surged 25% after Elon Musk tweeted about it

Why Dogecoin immediately surged 25% after Elon Musk tweeted about it

Elon Musk is tweeting about Dogecoin again as DOGE rallies 25% on Binance. The price of Dogecoin (DOGE) rallied by roughly 25% on Dec. 20 as Tesla CEO Elon Musk once again drew attention to the meme-inspired cryptocurrency. Elon Musk and his enthusiasm toward Dogecoin is a long-running meme. Every once in a while, Musk likes to tweet about Bitcoin (BTC) and the crypto market. When he does, the market reacts to it quite aggressively.Musk last tweeted about Dogecoin in July 2020, when he said he foresees a "Dogecoin standard future." At the time, DOGE rallied 14%.The reason behind Dogecoin’s....


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