Dogecoin experienced a 6.8% surge, reaching $0.13, following a mention by Tesla CEO Elon Musk during a town hall event in Folsom, Pennsylvania. Over the past week, Dogecoin gained 22.9%, and its resilience in the market is a testament to Elon Musk’s significant influence on its trajectory.
The billionaire’s playful endorsement has made DOGE a frequent topic of market speculation, with traders eagerly awaiting his next move.
The meme coin’s market capitalization boostd to $19.3 billion after the event, continuing its upward momentum.
