- The primary of March has been an ideal day for DOGE traditionally.
- Tesla’s Investor Day has been a catalyst for a rise within the value of DOGE.
- DOGE is at present buying and selling arms at $0.08139 after a 0.22% enhance in value.
Earlier this month, Elon Musk created pleasure amongst his followers after a Twitter announcement stating that “a totally sustainable power future for Earth” will likely be offered on March 1 of 2023.
A crypto influencer that goes by the title of “tametheark” then took to Twitter yesterday to specific his personal pleasure about what this announcement may imply for the value of (DOGE). Based on the submit, the primary of March has been an ideal day for DOGE traditionally.
Dogecoin Day by day Chart (Supply: Twitter)
The analyst additionally acknowledged that Tesla’s Investor Day has been a catalyst for a rise within the value of DOGE for years now. The submit was concluded by the influencer stating that he believes that DOGE will head to the moon very quickly due to Elon Musk and Tesla (NASDAQ:), and even went as far as to thank the tech billionaire prematurely for his assist with this.
The joy surrounding Tesla’s Investor Day might be one of many elements accountable for DOGE being one of many few cryptocurrencies within the inexperienced for right this moment. Based on CoinMarketCap, DOGE is at present buying and selling arms at $0.08139 after a 0.22% enhance in value over the past day. The meme coin is, nonetheless, nonetheless down by greater than 7% over the past week.
DOGE / US 1D (Supply: TradingView)
DOGE’s 24-hour buying and selling quantity can be within the inexperienced zone and at present stands at $333,494,679 after a greater than 49% enhance since yesterday. With its market cap of $10,799,512,241, DOGE is at present ranked because the eighth largest crypto by way of market capitalization.
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