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The recent surge in Dogecoin (DOGE) following Elon Musk's tweet has once again put the spotlight on this popular cryptocurrency.
đđąđŹđđšđ«đČ đšđ đđšđ đ: Dogecoin (DOGE) was created in 2013 by software engineers Billy Markus and Jackson Palmer as a lighthearted joke based on the "Doge" meme, featuring a Shiba Inu dog.
đ«đđđđ§đ đ©đšđŹđąđđąđšđ§ : Despite its humorous beginnings, DOGE has gained significant traction in the crypto space, partly due to its low transaction fees and fast transaction times. However, The dog-themed cryptocurrency Dogecoin (DOGE) surged approximately 4% within minutes after Elon Musk mentioned it in a tweet. The price of DOGE rose to around $0.072 from $0.069 on late Wednesday morning, following Musk's post. However, the token quickly gave back some of its gains and was trading at slightly under $0.070 at the time of writing, still showing a 2% increase over the past 24 hours.
đđźđŹđ€ đđšđšđŹđđŹ đđđđ : Musk, known for his tweets and comments that often move markets, has been a vocal supporter of DOGE. He has referred to it as the "people's crypto" and has expressed his belief in its potential to become the "currency of the internet." Musk's tweets about DOGE have frequently caused the price of the cryptocurrency to spike, highlighting the power of social media in the crypto world.
đ đźđđźđ«đ đđ«đđđąđđđąđšđ§ : Elon Musk's tweet about Dogecoin has caused its price to rise, indicating increased demand. While the overall market has been down, Dogecoin has remained stable. User believes Dogecoin has a promising future and considers it a good investment. In the past 24 hours, Doge Coin's low was 0.15033 and high was 0.18966, showing significant growth.
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