Dogecoin surges around 50% in value following the tweets from Elon Musk. The traders and dogecoin hodlers are thanking Elon for his intervention.
The meme coin is making history. The price has gone from 0.02 USD to 0.05 USD. The trading volume has increased by more than 110%.
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The situation is telling of the fact that social sentiment can change the value of cryptocurrencies in a day. The current surge might as well take dogecoin to $1.