Elon Musk's X meme post about 'Dog' sparks speculation among crypto DOGE community

Elon Musk's X, formerly known as Twitter, shared a skeptical meme post about the Dog on Wednesday, sparking speculation among the Decrypto DOGE community.

However, there is no information attached to the post, but it is speculated that the social media platform is probably focused on adopting Dogecoin.

The richest person in the world has tweeted and spoken in favor of Dogecoin many times over the past few years, which has both increased and decreased the price of the crypto token multiple times.

In August, Elon Musk's mother Maye Musk also tweeted a photo of a dog, saying, "If you are a dog, X is the place to be." Soon, Elon Musk responded to the tweet and said, "X is a dog and Dog friendly place!." Elon Musk's posts promoting Dogecoins aroused enthusiasm among Dog Decoin fans which ignited Dogecoin Bulls and showed a remarkable growth.

In April 2023, Musk's X replaced the blue bird logo with an image of Shiba Inu, the logo of the digital coin. This has led to an increase of over 30% in dogecoin.

in 2021, SpaceX announced that it will launch a satellite called DOGE-1. It was stated that the mission was fully paid for on Dogecoin and is an important step in the adoption of the cryptocurrency into real-world applications.

In early December 2021, Tesla announced that it would accept Dogecoin for some products, and then Dogecoin rose by over 20%.

Pay January 2022, a month later, when it was announced on Twitter that dogecoin payments were live, it increased to over 15%.

Elon Musk has a huge Twitter that allows him to reach millions of people. Because of this access, it has created a buzz around Dogecoin that has led to an increase in its value.

When he tweeted about selling Dogecoin holdings, his tweets also had a negative impact, as it was seen that he caused its value to fall.

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