Elon Musk recently issued a tweet that made a subtle reference to Dogecoin, which caused a stir in the community once more. “Department of Government Efficiency,” which can be shortened to “DOGE,” is what the CEO of Tesla and SpaceX posted.
This made Dogecoin fans extremely pleased. The tweet came with an image of Musk that was made by AI, which made it even more interesting for his fans.
This comedic use of the letters “DOGE” is Musk’s latest nod to the meme-based cryptocurrency. He sent out a similar message a month ago, and the DOGE community responded in the same way.
Musk’s Dogecoin Humor Continues
Musk has recently been making funnier references to DOGE more often, and he even responds to comments on social media about the cryptocurrency.
Recently, Musk and Tesla were sued and successfully got the case thrown out because it was said they inflated the price of Dogecoin in a $258 billion “pyramid scheme.”
Even with Musk’s latest posts, the price of Dogecoin is still going down. CoinMarketCap says the price of the coin has dropped 2.39 percent in the last 24 hours, putting it at $0.095. Along with the rest of the crypto market, DOGE is down 6.28% for the week.
Bitcoin prices also went down. It hit its lowest point in a month after a short rise after a weaker-than-expected report on nonfarm payrolls.
Dogecoin was made as a joke and has a Shiba Inu dog as its mascot. Its value reached a high point of $0.737 in May 2021 but has since dropped about 87%.
