Elon Musk Makes New Dogecoin-Related Confession, DOGE Spikes
Usually, the laws of demand and supply, along with buy-sell pressure, play a crucial role in determining the price of an asset. However, as far as Dogecoin is concerned, merely a single tweet from its self-proclaimed father, Elon Musk, can push up its price, irrespective of the macroeconomic conditions. Well, a typical exhibit of the same unraveled on Wednesday. At press time, the global cryptocurrency market cap was down by 1.94% on the daily timeframe, and most assets were seen consolidating, including Dogecoin. However, as soon as Elon Musk waved the magic wand and tweeted about a confession, the dynamics completely changed. Musk noted that it was “high time” he revealed that he was the one who let the “Doge” out. The image attached to the tweet read, “It was me, I let the dogs out.” High time I confessed I let the Doge out pic.twitter.com/TAi4p1khAd — Elon Musk (@elonmusk) February 22, 2023 Also Read: Solana On-track to ...