Main navigation

Dogecoin (DOGE) up 8% in Rare Solo Surge Without Elon Musk, What's Happening?

Fri, 04/14/2023 - 08:23
article image
Godfrey Benjamin
Dogecoin trading with solo bullish gain without any obvious recent publicity from Elon Musk
Dogecoin (DOGE) up 8% in Rare Solo Surge Without Elon Musk, What's Happening?
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

As the digital currency ecosystem is experiencing a steady recovery today, Dogecoin (DOGE), the world's largest meme coin, has joined the uptrend. The cryptocurrency is up by 8.78% over the past 24 hours with its price currently pegged at $0.09087. The digital asset is also maintaining 9.73% growth in the past week.

The Dogecoin price hardly moves significantly like this unless it is being prodded by Twitter CEO Elon Musk. As a meme coin, many have considered the cryptocurrency to be somewhat of a pump-and-dump token, and as such, its core followers anticipate a major tweet from the billionaire investor in order to stack up on the coin.

This month of April has been a statement month for Dogecoin as the cryptocurrency's logo, the Shiba Inu mascot, was featured as Twitter's logo for a few days, giving the meme coin its most vocal publicity since its inception. The price of the cryptocurrency surged following the move; however, the current upshoot cannot be attributed to it.

Notably, Dogecoin's growth is devoid of any direct input from the billionaire investor, even if we may be inclined to accept that the growth is a cumulative effect of the shoutouts it has received thus far.

Ancient Dogecoin Wallet Suddenly Awakens After 9 Years: Details

Dogecoin and the bigger, better push

For Dogecoin, charting its own ambitious growth curve remains one of the core goals that longer-term HODLers are anticipating. A short-term price run fueled by random tweets or memes shared by Musk is unsustainable, and growth such as that printed today account for one of the ways DOGE can pare off the losses it has accrued over the past year.

Dogecoin is now hinging its future price growth on the more valuable utility that Twitter and its core developers are pushing forth, including the crypto and stock trading the social media giant is pitching to pivot into alongside eToro.

article image
About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.