DOGE Makes Another Surge Thanks To Elon Musk’s Tweet-Again

DOGE makes another surge in price by 80% thanks to a new Elon Musk tweet as we can see more in today’s DOGEcoin news.

Apart from being the richest person in the world, Elon Musk is a visionary and known for his compelling and comical social media posts especially on Twitter. He was quite active with the crypto-related tweets lately and the most recent one was again for Dogecoin which increased the price of the asset by 80%.  Less than an hour ago, Tesla’s CEO took it to Twitter to post a new message with one word “Doge” but having in mind that he has a history with the cryptocurrency and posting about it, his tweet received plenty of attention from the crypto community. Doge makes another surge, marking a great two months of 2021.

ur welcome pic.twitter.com/e2KF57KLxb

— Elon Musk (@elonmusk) February 4, 2021

The token reacted with a  strong price surge that drove its gains to around 80% at the time of writing. Musk posted another tweet saying “ur welcome.” He previously added another post saying that Doge is the people’s crypto and that the users don’t have to be “gigachads” to own the coin. The CEO of SpaceX was quite positive about the crypto industry and even updated his Twitter bio to say only “Bitcoin” which also boosted the price immensely though it has since been removed. He reaffirmed his support for the number one cryptocurrency by saying that BTC is a good thing and that he is sorry he didn’t buy one eight years ago.

As recently reported, The high-volume futures exchange BitMEX launched DOGE perpetual contracts and now traders and high volume crypto speculators can speculate on the future price of DOGE, the popular meme-coin starting on February 5^th as per the press release that we have in our news today. The Hong Kong-based exchange was the first that introduced futures trading which is basically financial contracts that allow traders to purchase or sell assets at a predetermined price in the future to crypto markets, transacting billions of dollars each day. Its trading volume however dropped in the past few years because of the newer competitors and the legal issues around the founding team. Dogecoin’s product will be traded based on the underlying BTC equivalent of the DOGE/Tether price pairing on the exchanges.