HomeCrypto NewsMarketElon Musk To Join a Dogecoin Community Space

Elon Musk To Join a Dogecoin Community Space

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DOGE may be set for a bullish Christmas as the DogeFather is set to join a community Twitter space.

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Elon Musk has indicated an interest in joining a Dogecoin community space close to Christmas, per a tweet from the billionaire yesterday.

It came after Sir Doge of the Coin (@dogeofficialceo) requested the billionaire’s presence on a Twitter space with the DOGE community to discuss memes and chat directly with the community. “Nothing serious, purely fun,” Sir Doge of the Coin said, describing what the Twitter space would be like.

Musk, who has previously dubbed himself the DogeFather, in response, highlighting that things are “intense right now,” expressed the belief that he could have a more favorable response closer to Christmas.

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“Things are rather intense right now, but maybe closer to Christmas,” Musk tweeted.

Unsurprisingly, the Dogecoin community is excited, with many sending the word out. For example, DOGE influencer Matt Wallace, who bet his YouTube channel on DOGE going to $1 in 2022, sent the word out to his over 779k followers minutes after Musk tweeted.

Uncharacteristically, the announcement has done little to prop up the price of the doggy meme coin. It is worth noting that the meme coin usually has a favorable price reaction whenever the Twitter chief mentions it. Sometimes the price reacts even when he does not mention it due to speculation from the community. For example, in late November, when Musk hinted at creating an “alternative phone” if left with no choice, DOGE rallied by 6.7% as DOGE holders expected to see a form of DOGE integration should that be the case.

Like the rest of the crypto market, the doggy meme coin is currently printing losses. At press time, DOGE is trading at the $0.07756 price point, down 9.88% in the last 24 hours and nearly 20% in the past week as it sheds gains made during Musk’s acquisition of Twitter.

However, with the possibility of Musk making an appearance on a DOGE Twitter space, it would not be surprising to see the price of the meme coin make one more bullish rally before the year ends.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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