Why is Dogecoin price up today?
Dogecoin price hits a four-month high after rallying 30% in a day with Elon Musk and Twitter playing a central role in the DOGE craze once again. Dogecoin (DOGE) pared a portion of its massive daily gains on April 4 as investors speculated on the meaning behind Elon Musk's latest cryptic stunt. Elon Musk pumps Dogecoin by over 30% In what appears to be a late April Fool's joke, Musk-owned Twitter changed its official blue bird logo to mimic Dogecoin's symbol — a Shiba Inu dog featured in viral memes. Later, Musk tweeted a meme recognizing the change. pic.twitter.com/wmN5WxUhfQ — Elon Musk (@elonmusk) April 3, 2023 Over the years, Musk has historically influenced the Dogecoin market with his cryptic tweets. The billionaire investor calls himself "Dogefather" and has earlier discussed the prospects of adding a DOGE payment option for Twitter subscription services. His other ventures, Tesla and SpaceX, already accept DOGE for its merchandise products. Dogecoin ro...