On Halloween 2022, it took one carefully-crafted tweet with no text from the new owner of Twitter to drive the Dogecoin community wild, generate more FOMO, and push the $DOGE price to levels that few HODLers were expecting at the start of 2022.
Dogecoin was initially released on 6 December 2013, as a “fun and friendly internet currency.” It was created by Billy Markus and Jackson Palmer. It is “a decentralized, peer-to-peer digital currency” that has as its mascot “Doge”, a Shiba Inu (a Japanese breed of dog). Since then, its popularity has substantially increased, especially in the past couple of years, mostly thanks to support by billionaires Elon Musk (the CEO of Tesla and SpaceX) and Mark Cuban. In fact, in 2019, Musk said that $DOGE might be his favorite cryptocurrency.
As you probably already know, on 27 October 2022, Musk completed his purchase of Twitter:
Last week, Musk changed his Twitter bio to read “Chief Twit”. He has now changed it to “Twitter Complaint Hotline Operator”:
And yesterday, Musk sent out the clearest hint that he wants $DOGE to become the “official” cryptocurrency of Twitter:
As you can see from the price chart below by TradingView, as soon as the above tweet got published, the $DOGE price started surging, going from $0.12945 to $0.14833 — which is a gain of 14.58% — in just two hours.
Here were a few reactions on Crypto Twitter to how well $DOGE is currently performing:
