Dogecoin Gets 2nd Elon Musk Boost In A Row: Tesla CEO Says 'Responding' To People

Dogecoin (CRYPTO: DOGE) traded 5.5% higher at $0.06 over 24 hours leading up to early Tuesday morning. DOGE rose along with other major coins as the global cryptocurrency market cap shot up 4.8% to $966 billion.

Timeline of Dogecoin

Dogecoin (CRYPTO: DOGE) co-creator Jackson Palmer has compared cryptocurrencies to playing at the roulette table and said their bottom has "started to crumble," in yet another critical take on digital coins. What Happened: In a recent Australian TV talk show, Palmer said the latest cryptocurrency downturn was not yet the end, but a lot of people are realizing the “systemic risks” it presents.

Tesla CEO Elon Musk is once again confirming his support for popular meme token Dogecoin (DOGE) despite getting hit with a multimillion-dollar lawsuit that alleges he promoted the dog-themed crypto asset as a pyramid scheme. The business magnate tells his 99 million Twitter subscribers that he will continue to support and purchase DOGE even as The post Elon Musk Reiterates Support for Dogecoin After Facing $258,000,000,000 Crypto Lawsuit appeared first on The Daily Hodl.

DOGE pumped 8% after Elon Musk confirms he is still buying even after a brutal market that led to most altcoins crashing so let's read more today in our latest Dogecoin news. Amid the brutal bear market, Musk showed his support once again for the meme coin which resulted in a price increase.

The Dogecoin(DOGE) price has been stuck between the $0.05 and $0.063 barriers for a week now. The consolidation may bring a directional rally once it breaks out from either of its extreme levels.

Dogecoin DOGE/USD is a cryptocurrency that initially began its journey throughout the crypto space as a meme-coin. What this means is that when it launched, it did not introduce smart contracts, non-fungible tokens (NFTs), or any other notable advancement when compared to other projects. However, one of the main reasons why Dogecoin was launched was The post Is DOGE a good buy after Elon Musk's investment in it? appeared first on Invezz.

Dogecoin (DOGE) has gained 11% since billionaire Elon Musk said on twitter recently that he would continue to support and buy the cryptocurrency. In the past 24 hours to US$0.05788 on Monday, according to CoinMarketCap data, the memecoin went up to more than 12%. After the broader bear market in crypto and a lawsuit against...

Elon Musk, who is currently facing a $258 billion lawsuit for an alleged Dogecoin pyramid scheme, recently announced his support for the meme coin. In a Tweet on 19 June, the world's richest person mentioned that he will keep supporting DOGE.

Elon Musk has again tweeted his support for the Dogecoin cryptocurrency just days after he was landed with a US$258bn writ alleging it was an elaborate "pyramid scheme". A series of tweets over the weekend said he would continue to support DOGE and keep buying the coin.

Elon Musk's tweet has made Dogecoin soar 5% in the last 24 hours Musk had asserted that he will continue to Doge despite volatile market conditions  Elon Musk's tweet has done wonders for Dogecoin, as the meme-inspired crypto has soared 5% in the last 24 hours. The internet's Dogefather has bought Dogecoin amid the recent crypto crash and has asserted that he will continue to support Doge despite the unstable market conditions.

Dogecoin finds an unsurprising supporter in these gloomy crypto market atmosphere in the person of none other than the all too familiar Elon Musk himself. After declaring on Twitter that he will “keep supporting Dogecoin,” the popular crypto's price spiked 8% to $0.058, Monday.