On the night of April 16, the price of the meme altcoin Dogecoin (DOGE) reached an all-time high of $0.3. As of 12:07 a.m. CET, the crypto has added 103.79% over the past 24 hours and is currently trading at $0.266, according to CoinMarketCap.
Last April 15, the CEO of electric car manufacturer Tesla, Elon Musk, posted another tweet in which he mentioned the crypto:
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Dogecoin's growth over the last seven days is over 300% and, since the beginning of the year, 5,000%.
Musk's tweets always seem to have a great impact on the price of the meme crypto. Thus, in December 2019, he said Dogecoin was his favorite coin, which resulted in the altcoin's price soaring. In July 2020 and February 2021, the price of the token experienced an increase of 17% and 50%, respectively, driven by Musk's tweets.