Once again, Elon Musk showed the power of his single tweet. On Thursday, on his official Twitter account he tweeted, ”Baby Doge, doo, doo, doo, doo, doo.. Baby Doge, doo, doo, doo, doo, doo.. Baby Doge,” and the prices of Dogecoin bounced back. The cryptocurrency surged over 3% to $0.25, as the data shown by CoinDesk.
Elon Musk, the self-proclaimed ‘Dogefather’, has been responsible for fluctuating prices of Dogecoin on several occasions.
The digital coin was earlier trading lower at $0.24.