Dogecoin's Price Surge Explained
The price of Dogecoin (DOGE) has seen an impressive 6% increase over the past 24 hours, largely driven by enhanced investor sentiment. Elon Musk, CEO of Tesla, has once again played a pivotal role in this rally, with his 'Dogefather' post sparking widespread excitement in the Dogecoin community.
Musk’s Influence on Dogecoin
According to data from Santiment, Dogecoin emerged as a top trending token due to Musk-related social media activity. A notable post titled Department of Government Efficiency featuring a meme of Musk as the Lion King character, Simba, gained significant traction. Musk's response to the meme, acknowledging Dogecoin's role as an
