Benzinga - On Tuesday, Dogecoin (CRYPTO: DOGE) experienced a surge, rising by 11%. This marked a milestone for the cryptocurrency as it broke past the 8-cent threshold, a level it hadn't reached since May.
Following the rebranding of Twitter to "X" and subsequent changes to Elon Musk's bio, speculations have been ignited about the potential integration of Dogecoin, with former Goldman Sachs executive Raoul Pal suggesting Musk could use Dogecoin for global payments.
Musk is the richest person in the world and also one of the most vocal supporters of the Shiba Inu-themed meme cryptocurrency. In the past, tweets by Musk about Dogecoin have led to spikes and high volatility.
Here is a look at how much Dogecoin has grown in value since Musk first mentioned the cryptocurrency.
First Tweet: To get a starting value for Dogecoin, we will look at two price points. On April 2, 2019, Musk replied to a tweet saying "Dogecoin might be my fav cryptocurrency." Years later, Musk would acquire social media platform Twitter.
"It’s pretty cool." The response came to a poll that voted Musk the winner of the fictional title of CEO of Dogecoin with 49% of the vote.
Musk beat out Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin, who got 9% of the vote, Litecoin (CRYPTO: LTC) creator Charlie Lee, who got 8% of the vote, and payment-processing platform Metal founder Marshall Hayner, who got 33% of the vote.
@elonmusk You can't decline! pic.twitter.com/5F0RAncfBo— I am Hodler