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Glimpse of DOGE Shirt Clad Elon Musk Surges the Coins Price by 2+%

Published 13/02/2023, 09:58
Glimpse of DOGE Shirt Clad Elon Musk Surges the Coins Price by 2+%

  • Altcoin Daily tweeted a picture of Elon Musk wearing a DOGE shirt at the Super Bowl.
  • The price of DOGE rose more than 2% in the last 24 hours following the sighting.
  • Despite the 24-hour gain, DOGE’s price continues to trade below the 9 and 20-day EMA lines.

Altcoin Daily shared a photo of Elon Musk wearing a Dogecoin (DOGE) t-shirt at the Super Bowl today.

The price of the meme coin has seemingly responded positively to the sighting of Musk with the DOGE shirt. As such, it has risen by 2.59% over the last 24 hours according to CoinMarketCap. Despite the 24-hour gain, DOGE’s price is still down 9.06% over the last week. As a result, the price of DOGE is trading at $0.08404 at press time.

The meme coin’s price has also strengthened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 2.24% and 3.18% respectively.

Perhaps the most significant statistic that investors and traders should take note of is the daily trading volume for DOGE, which, at press time, is up more than 230%. This surge in DOGE’s trading volume has propelled the daily trading volume to $703,246,418.

Daily chart for DOGE/USDT (Source: TradingView)

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