{"id":298240,"date":"2023-02-13T14:08:07","date_gmt":"2023-02-13T14:08:07","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=298240"},"modified":"2026-10-15T21:42:22","modified_gmt":"2026-10-15T20:42:22","slug":"dogecoin-spikes-5-before-retracing-after-elon-musks-latest-tweet","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/dogecoin-spikes-5-before-retracing-after-elon-musks-latest-tweet\/","title":{"rendered":"Dogecoin spikes 5% before retracing after Elon Musk’s latest tweet"},"content":{"rendered":"

Dogecoin spiked 5% on Feb. 13 after Elon Musk tweeted<\/a> about the memecoin in a joking reply to a photo of him sitting with Fox News owner Rupert Murdoch with the caption:<\/p>\n

“What are they talking about? …wrong answers only.”<\/p><\/blockquote>\n

Despite the humorous nature of the tweet and Musk's joking response, the memecoin<\/a> climbed to as high as $0.086 before retracing to 0.081 and eliminating the gains made following the tweet.<\/p>\n

DOGE<\/a> is up roughly 19% year-to-date as the overall crypto market is showing early signs of recovery following a tumultuous year of crypto firms collapsing.<\/p>\n

Despite the green 2023, DOGE is down 89.2% from its all-time high of $0.75, according to CryptoSlate<\/em> data.<\/p>\n

Musk, Twitter & Dogecoin<\/h2>\n

Due to Musk's tweets and news about him and his companies, Dogecoin's price has almost always spiked or fallen. The memecoin community hopes that Dogecoin will be further incorporated<\/a> into Musk's various businesses as he has regularly shown support<\/a> for the coin.<\/p>\n

Since Musk acquired Twitter, there have been rumors<\/a> that Doge may become the defacto currency for “tipping” creators on the platform. There is no credible evidence to substantiate the rumors so far. After Musk decided to step down<\/a> as CEO once an adequate replacement is found, the Dogecoin on Twitter narrative seems to have fizzled out to a large degree.<\/p>\n

However, Musk reportedly hired a small team in January to determine how Twitter can tap into the financial services market as a digital payment processor, which could include crypto. The social media giant is currently applying for licenses in the U.S. on a state and federal level.<\/p>\n

According to the reports, Musk intends to initially focus on gaining approval for fiat and hopes to be able to expand that into crypto down the line.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin spiked 5% on Feb. 13 after Elon Musk tweeted about the memecoin in a joking reply to a photo of him sitting with Fox News owner Rupert Murdoch with the caption: “What are they talking about? …wrong answers only.” Despite the humorous nature of the tweet and Musk’s joking response, the memecoin climbed to […]<\/p>\n","protected":false},"author":1250,"featured_media":346434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77968,77032,15323,6849],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nDogecoin spikes 5% before retracing after Elon Musk's latest tweet<\/title>\n<meta name=\"description\" content=\"Elon Musk was responding to a photo of him sitting next to Rupert Murdoch during the Super Bowl on Feb 12.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/dogecoin-spikes-5-before-retracing-after-elon-musks-latest-tweet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin spikes 5% before retracing after Elon Musk's latest tweet\" \/>\n<meta property=\"og:description\" content=\"Elon Musk was responding to a photo of him sitting next to Rupert Murdoch during the Super Bowl on Feb 12.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/dogecoin-spikes-5-before-retracing-after-elon-musks-latest-tweet\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-13T14:08:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-15T20:42:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/07\/elon-musk-dogecoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Assad Jafri\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Assad Jafri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/dogecoin-spikes-5-before-retracing-after-elon-musks-latest-tweet\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/dogecoin-spikes-5-before-retracing-after-elon-musks-latest-tweet\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/#person\",\"name\":\"Assad Jafri\",\"url\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed.jpg\",\"caption\":\"Assad Jafri\"},\"jobTitle\":\"Former Editor & Reporter\",\"description\":\"AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. 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