CandleFocus Dogecoin Moons Again After Musk Drops Token Mention During Pennsylvania Town Hall
2024-10-18
Author: Content Editor
Elon Musk's mention of Dogecoin during a town hall meeting caused a surge in its value, with the coin's price rising to $0.13 and its market capitalization reaching $19.3 billion. The mention came after Musk publicly supported a proposal by former President Donald Trump for an efficiency commission led by Musk to audit the government's financial and performance. This latest rally in Dogecoin demonstrates its sensitivity to Musk's public statements and reinforces its staying power as a top-ten cryptocurrency, despite being down 80% from its peak in 2021. Musk's involvement in Trump's campaign through a Super PAC has further sparked interest in Dogecoin.
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