Elon Musk has once again captured the spotlight in the crypto world. The famous billionaire drew the attention of Dogecoin (DOGE) investors by updating his social media profile picture. Previously, Musk caused movements in the cryptocurrency market with his posts about Dogecoin, and this time, his new profile picture sparked curiosity. The phrase “The Dogefather” in his profile picture has once again brought Musk’s support for DOGE into the limelight. But how has this change affected prices?
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Could It Impact Dogecoin’s Price?
Elon Musk’s posts about Dogecoin have previously caused major price fluctuations. However, at the moment, the DOGE price remains relatively stable. Trading around $0.25, DOGE has seen a 1.5% increase throughout the day. Investors are closely monitoring whether Musk’s latest move will spark a larger movement in the market.
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