The billionaire and owner of the X app and Tesla, Elon Musk, recently commented on a post by the co-creator of the meme cryptocurrency Dogecoin (DOGE), Billy Markus. Musk is a cryptocurrency enthusiast and supporter of DOGE.
In his publication, Markus highlighted that the community must support application X, owned by Musk, as much as possible. The creator of DOGE highlighted the importance of the social media platform in the face of the repression of freedom of expression carried out by politicians.
“I think it's really important that we support 𝕏 as much as we can, I don't think any other social app is trying to protect free speech, and politicians are trying their best to suppress free speech - there needs to be a place where our rights they are truly being protected,” he wrote.
Musk then commented on the publication expressing his thanks for promoting his social platform. “Thanks Billy!” he wrote. The creator of Dogecoin further responded: “I am very grateful for this application and its efforts”.
- Elon Musk (@elonmusk) November 24, 2023
At the time of publication, Dogecoin price is quoted at $0,077326, up 2.2% over the last 24 hours.
DOGE for moon?
Could meme cryptocurrency Dogecoin (DOGE) reach a huge rally soon? Crypto expert Ali Martinez believes the token DOGE could be close to a considerable price rally soon.
In an analysis shared on November 23, the analyst highlighted the considerable increase in transactions with the Dogecoin cryptocurrency exceeding US$100.000 in October.
Martinez noted that the surge recorded suggests greater interest in the asset, which could precede and propel DOGE towards a significant price increase.
“Dogecoin | There has been a notable increase in $DOGE transactions exceeding $100.000 over the past month, consistently reaching new highs. This increase suggests greater interest in DOGE from institutional players and whales, potentially preparing for a significant price increase,” he wrote.