In 2021, Elon Musk’s posts have caused significant fluctuations in the cryptocurrency market. The sharp decline in the market and the rise in BTC prices were also related to his social media activities. Musk has once again emerged, causing mixed reactions to both the increase and decrease in the cryptocurrency context.
Elon Musk and Dogecoin
Just a few minutes ago, Elon Musk posted a tweet, and simply adding the word ‘DOGE’ to his tweet line was enough to attract attention. This humorous billionaire shared a photo of his three dogs, including a Shiba Inu, and humorously asked, ‘Who let the DOGE out?’
Despite the buzz surrounding the tweet, DOGE did not seem to react strongly, fluctuating around $0.33 just minutes after it was posted. In fact, Musk’s tweet did not even cause a 1% increase, highlighting the fact that the “old days” of rapid market reactions may be over.
Usually, such posts will cause a sudden surge in DOGE, SHIB, FLOKI, and other meme coins. Meanwhile, BTC is fluctuating at $98,760 and may need to surpass the $99,500 mark to initiate a broader altcoin rally.
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