Dogecoin (DOGE) recently surged above $0.15 following a notable statement from entrepreneur Elon Musk.
Although the uptrend quickly waned, with DOGE retracing to the $0.14 range, it is currently trading at $0.1459. This still reflects a 2.03% rise in the last 24 hours and a substantial 29.23% increase over the past seven days.
The recent gains in Dogecoin coincided with Muskâs revelation that his interest in the cryptocurrency stems from its playful and humorous nature. He mentioned that he enjoys making jokes about Dogecoin because it has âthe best sense of humor.â
He added that Dogecoinâs combination of dogs and memes aligns with his personal preferences.
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