Elon Musk’s Trump Rally Post Drives Dogecoin Price Surge

In a recent post on X (formerly Twitter), Elon Musk shared a photo of himself speaking at a rally supporting former U.S. President Donald Trump, alongside an image of Dogecoin (DOGE). This endorsement coincided with a 5.06% rise in DOGE’s price, currently trading at $0.1451, as per CoinMarketCap. Musk’s influence on Dogecoin’s market performance is well-documented, with his past tweets frequently impacting its price.
Musk and Dogecoin: A Powerful Influence
Musk’s long-standing support for Dogecoin has driven considerable attention and adoption, often propelling the cryptocurrency’s popularity and price movements. Known for calling himself the “Dogefather,” Musk has even explored Dogecoin’s potential as a payment option for Tesla products, adding to its mainstream appeal.