Earlier this month, Elon Musk created excitement among his fans after a Twitter announcement stating that “a fully sustainable energy future for Earth” will be presented on March 1 of 2023.
A crypto influencer that goes by the name of “tametheark” then took to Twitter yesterday to express his own excitement about what this announcement could mean for the price of Dogecoin (DOGE). According to the post, the first of March has been a great day for DOGE historically.
Dogecoin Daily Chart (Source: Twitter)
The analyst also stated that Tesla’s Investor Day has been a catalyst for an increase in the price of DOGE for years now. The post was concluded by the influencer stating that he believes that DOGE will head to the moon very soon thanks to Elon Musk and Tesla (NASDAQ:TSLA), and even went so far as to thank the tech billionaire in advance for his help with this.
The excitement surrounding Tesla’s Investor Day could be one of the factors responsible for DOGE being one of the few cryptocurrencies in the green for today. According to CoinMarketCap, DOGE is currently trading hands at $0.08139 after a 0.22% increase in price over the last day. The meme coin is, however, still down by more than 7% over the last week.
DOGE / Tether US 1D (Source: TradingView)
DOGE’s 24-hour trading volume is also in the green zone and currently stands at $333,494,679 after a more than 49% increase since yesterday. With its market cap of $10,799,512,241, DOGE is currently ranked as the 8th biggest crypto in terms of market capitalization.
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Source: Cryptocurrency - investing.com
