Dogecoin (DOGE) witnessed a significant rise in its price after Elon Musk's intriguing message referencing the term 'Dogefather.' This post contributed to a rapid 6.4% increase in DOGE value.
Elon Musk, known for his impact on the cryptocurrency market, demonstrated his influence once more with this social media activity, further solidifying his connection with the Dogecoin community.
The reaction to Musk’s post underscores the volatile nature of meme-based cryptocurrencies, where social media interactions play a crucial role in price movements.
