Dogecoin DOGE Price Surges 10% Following Elon Musk Mention, Broader Market Trades Flat
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Dogecoin has surged by over 10% in the last 24 hours while other crypto assets traded flat.
Elon Musk briefly discussed the meme coin in a Twitter Space discussion.
Over 36,000 crypto traders have been liquidated in the last 24 hours.
The Dogecoin price was reignited today after a shout-out from the Dogefather himself, Elon Musk. Since purchasing Twitter earlier this month, speculation has been swirling about potential DOGE implementations on the platform.
With the possibility of the FTX contagion still hanging in the air, industry leaders are worried about the potential market effects. However, Dogecoin appears to be bucking the trend as it has risen by more than 10% in the past 24 hours.
The contrasting performance of DOGE compared to other cryptocurrencies is mostly due to Elon Musk saying “DOGE to the moon” during a Twitter Space on Nov. 11. The Twitter space was hosted by Mario Nawfal and discussed the implication of the FTX crash on the market.
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