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Dogecoin has seen its fair share of attention from Elon Musk in the recent past, and it seems the Tesla founder is showing no signs of stopping his (perhaps pseudo-)advocacy for the meme-coin. April’s Fools Day or not, Musk’s tweets result in a fresh interest in the cryptocurrency price – with Dogecoin shooting up nearly 40% in minutes.
According to Musk, his other tech company is going to make sure a “literal” Dogecoin heads for the “literal” moon.
SpaceX is going to put a literal Dogecoin on the literal moon
— Elon Musk (@elonmusk) April 1, 2021
Dogecoin price responds to Musk – again
As it has done in the past, Dogecoin price saw a massive spike in trading value after Musk tweeted about it. Musk’s activity around the meme coin might remain ironically meme-like, but the price of the altcoin seems to be playing no jokes. Immediately after his tweet, Dogecoin rose to the highest it has tagged in a month with a 35% increase in trading value. While the gains have cooled off, the cryptocurrency price is still in the green with a 6.65% increase in day-on-day trading.
Bitcoin price still gaining
On the other side of the market, the leading cryptocurrency remains in the green too. With a minor 1.35% increase in daily trading, Bitcoin has been holding above $59, 000 USD. If the market manages to retain its strength and regain stronger values, we could be looking at a particularly bullish Easter weekend.
As reported, Bitcoin price has had a powerful first quarter this year – one of the strongest in eight years. With March providing bullish gains – a month typically bearish – the second quarter of 2021 could see brand new record highs across the market. Time will tell whether Bitcoin will retain its dominance or if we’re heading towards a strong altcoin season.