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Elon Musk Tease 'Dogefather' Portrait, $DOGE Jumps 2.92%

Elon Musk's latest tease about Dogecoin (DOGE) on his Twitter account, where he referred to himself as the "DOGEFATHER," has caused a 2.92% increase in the market value of DOGE. The price of DOGE is currently at $0.3950, reflecting the increase. The market cap of DOGE has also surged by 4.40% to $57.55 billion, and its 24-hour trading volume has climbed by 25.83% to $9.22 billion. Musk, who is often associated with DOGE, has previously made subtle hints and jokes about the cryptocurrency, which have had a significant impact on investment. Additionally, Musk has disclosed that he personally holds a substantial amount of Dogecoin, and his company SpaceX owns Bitcoin. After Musk's comments on SpaceX's Bitcoin portfolio, the price of Bitcoin briefly soared to $92,000 and is currently trading at $91,663.83.

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