Dogecoin has risen more than 50%, with DOGE / USD peaking at 0.599 after Tesla’s CEO, Elon Musk tweeted that “Dogecoin is the people’s cryptocurrency”. The billionaire founder of Tesla and SpaceX has also added an image of himself lifting Doge’s dog Sheba into the skies.
Here are the latest movements of DOGE / USD:
Thursday’s tweets aren’t the first time Musk has talked about Dogecoin, either on Twitter or on stage. The businessman also talked about Bitcoin and Ripple’s XRP in the recent past, sparking big moves in price action.
For DOGE / USD, support awaits at 0.030 Y 0.021. The next bullish target is the recent all-time high of 0.088.
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