Thanks to Elon Musk and bitcoin, DOGE rises over 40% in October

The price of dogecoin (DOGE), the memecoin that pays homage to a viral Internet dog, increased by 40% during the month of October. The rise of bitcoin (BTC) and Elon Musk's mention were the catalysts that triggered the bullish rally.

The relationship between Tesla's CEO and the meme cryptocurrency with the largest market capitalization is not new. For years, Musk has flirted with the dog community, after on April 2, 2019, on the festive date of April Fool’s Day, he was proclaimed as CEO of DOGE. Thus, any mention of the entrepreneur about dogecoin has had a positive impact on its price

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