Elon Musk posted a tweet that referenced Dogecoin, leading to a rise in the memecoin's price. This recent activity has fueled speculation among investors about whether Dogecoin could soon reach the $0.11 mark.
The influence of Musk's social media activity on cryptocurrency markets is evident yet again, especially with coins like Dogecoin, which often see price movements based on public sentiment.
While the exact future price is uncertain, Musk's tweets have a history of impacting Dogecoin significantly, making the $0.11 target a potential reality.