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DOGE Price To Hit $0.1 Amid Muskโs Endorsements?
Following his legal win, Elon Musk has ramped up his public endorsements of Dogecoin, sparking renewed investor interest. In a recent post on X, the tech mogul hinted at the potential return of DOGE payments for Tesla merchandise.
When prompted by a user asking if Tesla should bring back DOGE payments, Musk simply replied, โMEโ igniting speculation that Tesla could reintroduce the meme coin payments, possibly extending to its vehicles in the future.
Meanwhile, this isnโt his first show of support for the meme coin. Earlier this year, he voiced his enthusiasm for the dog-themed meme coin at an event in Teslaโs Giga Berlin facility, affirming his belief in the cryptocurrencyโs potential. His endorsements have consistently influenced the cryptoโs market movements, and this latest series of comments add fuel to ongoing speculation.
Further demonstrating his support, Musk engaged in another conversation about DOGEโs potential to address financial restrictions. When a X user suggested that the meme coin could fix systemic financial issues, Musk replied, โHmm โฆ you make a good pointโ further bolstering investor confidence in the crypto.
Amid this, DOGE price soared nearly 4% to $0.09493, with its trading volume declining 19% to $546.11 million. Simultaneously, DOGE Options Open Interest soared 96% to $138.36K, CoinGlass data showed. On the other hand, a recent Dogecoin price analysis suggested that the meme coin could rally to $0.15 with a robust rally in a bull run.
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Following his legal win, Elon Musk has ramped up his public endorsements of Dogecoin, sparking renewed investor interest. In a recent post on X, the tech mogul hinted at the potential return of DOGE payments for Tesla merchandise.
When prompted by a user asking if Tesla should bring back DOGE payments, Musk simply replied, โMEโ igniting speculation that Tesla could reintroduce the meme coin payments, possibly extending to its vehicles in the future.
Meanwhile, this isnโt his first show of support for the meme coin. Earlier this year, he voiced his enthusiasm for the dog-themed meme coin at an event in Teslaโs Giga Berlin facility, affirming his belief in the cryptocurrencyโs potential. His endorsements have consistently influenced the cryptoโs market movements, and this latest series of comments add fuel to ongoing speculation.
Further demonstrating his support, Musk engaged in another conversation about DOGEโs potential to address financial restrictions. When a X user suggested that the meme coin could fix systemic financial issues, Musk replied, โHmm โฆ you make a good pointโ further bolstering investor confidence in the crypto.
Amid this, DOGE price soared nearly 4% to $0.09493, with its trading volume declining 19% to $546.11 million. Simultaneously, DOGE Options Open Interest soared 96% to $138.36K, CoinGlass data showed. On the other hand, a recent Dogecoin price analysis suggested that the meme coin could rally to $0.15 with a robust rally in a bull run.
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