It’s an Elon Musk-led Dogecoin rally again. But does it have strong legs?
On July 25, DOGE price climbed nearly 5.5% to $0.078, its highest level in two months.
The token’s intraday gains came as a part of a weekly rally that started two days ago when Elon Musk rebranded Twitter to X whileSince then, Dogecoin has jumped over 11%, akin to its previous bullish reactions to Musk’s pro-dogecoin statements.On July 25, Musk revealed X as an “everything app,” with a special focus on financial services.
Twitter was acquired by X Corp both to ensure freedom of speech and as an accelerant for X, the everything app. This is not simply a company renaming itself, but doing the same thing.— Elon Musk
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