{"id":28906,"date":"2024-09-10T20:00:05","date_gmt":"2024-09-10T17:00:05","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28906"},"modified":"2024-09-10T14:05:35","modified_gmt":"2024-09-10T11:05:35","slug":"elon-musks-dogecoin-share-excited-the-community","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/elon-musks-dogecoin-share-excited-the-community\/","title":{"rendered":"Elon Musk&#8217;s Dogecoin Share Excited the Community"},"content":{"rendered":"<p>Elon Musk&#8217;s posts about Dogecoin (DOGE) have always created great excitement in the crypto community. Finally, Musk&#8217;s post on X (formerly Twitter) alluding to DOGE has created another stir in the Dogecoin community.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/elon-musks-dogecoin-share-excited-the-community\/#What_Does_Musks_Latest_Dogecoin_Post_Mean\" title=\"What Does Musk&#8217;s Latest Dogecoin Post Mean?\">What Does Musk&#8217;s Latest Dogecoin Post Mean?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/elon-musks-dogecoin-share-excited-the-community\/#The_Effect_of_the_Post_on_DOGE_Price\" title=\"The Effect of the Post on DOGE Price\">The Effect of the Post on DOGE Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/elon-musks-dogecoin-share-excited-the-community\/#Has_the_Impact_of_Musks_DOGE_Posts_Diminished\" title=\"Has the Impact of Musk&#8217;s DOGE Posts Diminished?\">Has the Impact of Musk&#8217;s DOGE Posts Diminished?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Does_Musks_Latest_Dogecoin_Post_Mean\"><\/span>What Does Musk&#8217;s Latest Dogecoin Post Mean?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Elon Musk used the letters &#8220;DOGE&#8221; as an abbreviation for &#8220;Department of Government Efficiency&#8221; in a visual created with artificial intelligence. This statement coincides with rumors that Musk will serve in the government if Donald Trump is elected president. The post included references to both politics and cryptocurrencies.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/btc-and-eth-under-pressure-expect-a-tense-week-ahead\/\">BTC and ETH Under Pressure: Expect a Tense Week Ahead<\/a><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Effect_of_the_Post_on_DOGE_Price\"><\/span>The Effect of the Post on DOGE Price<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Following Musk&#8217;s post, Dogecoin, which was traded at $ 0.092 over the weekend, increased by approximately 6% today, rising to $ 0.098. However, although the market has been slightly bullish since the weekend, it can be said that Musk&#8217;s post has had a limited impact on the DOGE price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Has_the_Impact_of_Musks_DOGE_Posts_Diminished\"><\/span>Has the Impact of Musk&#8217;s DOGE Posts Diminished?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the past, Elon Musk&#8217;s posts about DOGE would cause large and sudden increases in the price of Dogecoin. However, recently, the impact of such posts has been seen to have diminished compared to the past. Although Musk has a positive approach to Dogecoin, he has not taken any concrete steps regarding the cryptocurrency in recent years. In addition, the $258 billion lawsuit filed last year against Elon Musk and Tesla for allegedly engaging in a pyramid scam with Dogecoin was recently concluded in Musk&#8217;s favor.<\/p>\n<p>These developments show that Musk&#8217;s DOGE posts no longer have as big a price impact as they used to.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk&#8217;s posts about Dogecoin (DOGE) have always created great excitement in the crypto community. Finally, Musk&#8217;s post on X (formerly Twitter) alluding to DOGE has created another stir in the Dogecoin community. What Does Musk&#8217;s Latest Dogecoin Post Mean? Elon Musk used the letters &#8220;DOGE&#8221; as an abbreviation for &#8220;Department of Government Efficiency&#8221; in<\/p>\n","protected":false},"author":6,"featured_media":10464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[68,467,8327],"class_list":["post-28906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-dogecoin","tag-elon-musk","tag-elon-musk-dogecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk&#039;s Dogecoin Share Excited the Community - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/elon-musks-dogecoin-share-excited-the-community\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk&#039;s Dogecoin Share Excited the Community - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Elon Musk&#8217;s posts about Dogecoin (DOGE) have always created great excitement in the crypto community. 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