In Crypto News today. Dogecoin and Elon Musk are working together to improve transactions. Elon Musk announced on May 13 that he is currently working with the developers of Dogecoin To make DOGE payments more efficient and easy. Immediately after Elon revealed the news, the price of Dogecoin increased by more than 14%. Note that Dogecoin started out as a hilarious joke without tech features. While Elon has shared several tweets related to DOGE this year, there are no definitive conclusions been drawn.
The altcoin price rose significantly in response to Elon DOGE's data. For example, when Elon described it as a hustle, when he appeared on Saturday Night Live in beginning of May. Dogecoin and Bitcoin (BTC) prices affected by Elon's tweets and announcements These days. The crypto community believes that Elon's actions can be designed to manipulate The entire crypto market, given the impact it has had on Bitcoin and Dogecoin. Several people have also claimed that Elon can control DOGE through rhetorical behaviors. In this way, the trading community believes that Elon can cause DOGE to collapse at any time, If he loses interest in the currency. Musk's intention may not matter, but that leaves DOGE investors in a vulnerable position. On Binanco.com, Dogecoin is trading at $0.543753, which is linked to 24-hour trading Volume $45,376,815,332. Thanks for watching! For more cryptocurrency news, coin prices and charts, please visit Binanco.com. See you in the next video!.