In a day that saw a rebound in the price of Dogecoin, from a low of $0.04412665 back to $0.059914, Elon Musk proved he is back on the Doge bandwagon.
To be clear, the rebound of Dogecoin came early in the morning before Musk ever made a tweet. But the CEO of Tesla and SpaceX got Doge fans excited when he first changed his profile too.
“Doge all day, Doge all night”
![2_24_2021_Twitter – Dogecoin News Hub](/wp-content/uploads/2021/02/2_24_2021_Twitter.jpg)
He later tweeted out this picture, which we just recently used in an article.
On the actual moon
— Elon Musk (@elonmusk) February 24, 2021
A fan then asked him why he loves Dogecoin so much.
“Why do u love $DOGE so much lol?”
He responded.
“I love dogs & memes”
I love dogs & memes
— Elon Musk (@elonmusk) February 24, 2021
You can see the Elon effect on the Dogecoin market as his tweet came around 8 am ET, hours after the Dogecoin rally began.
![Elon-Tweet-Spike-2-21-2021-3 – Dogecoin News Hub](/wp-content/uploads/2021/02/Elon-Tweet-Spike-2-21-2021-3.jpg)
There was some concern last week that Musk might no longer be on board with Dogecoin due to its over-concentration of coin in a few ‘Whale Wallets .’ It was later revealed that a lot of those wallets we holding wallets for some of the biggest crypto exchanges and not individuals.
But judging from his Tweets, it looks like Musk is still a fan of Dogecoin.
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