Tesla ($TSLA@US) CEO Elon Musk is no stranger to Twitter ($TWTR@US), recently asking his followers if he should sell a portion of his stake in the firm. Recently, he’s taken to Twitter to support Dogecoin (
$0.087 ) in an exchange with DOGE founder Billy Markus. Markus went on Twitter and commented that the meme coin has low fees, making it superior to currencies like Bitcoin (
$65,821.00 ) and SHIBA. In response, Musk, who, interestingly enough, owns a Shiba Inu, liked the tweet, setting the Twitter universe on fire. As a result, Dogecoin ( $0.087 ) saw increased activity and a slight uptick in price. The token has been trading in the 26-cent range for some time, and it spiked after Musk’s tweet. Over the past 24 hours, Dogecoin ( $0.087 ) is down 0.31% with a 24-hour high of 27 cents. Over the past week, Dogecoin ( $0.087 ) has come down from just under 29 cents, fallen just below 25 cents, and has since risen back to the 26-cent realm.
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