Elon Musk is stirring up the Dogecoin (CCC:DOGE-USD) crowd yet again. The self-proclaimed Leif Erikson of the internet is rallying his fellow “cybervikings” around the meme coin. The result is a push for a full dollar DOGE price through the #DOGE1 hashtag.
Musk hopped on Twitter this morning to presumably post whilst watching the sun rise. At 6:41 a.m. Eastern, the SpaceX founder sent out a short message: “How much is that Doge in the window?”
Accompanying the clever wording is a picture. A purple neon sign bearing the word “Cybervikings,” and a barely visible $1 bill on a laptop. “Cybervikings” is a phrase that Musk has used to refer to himself and his followers before. Zooming in on the photo reveals a Shiba Inu in the place of George Washington, an obvious reference toward Dogecoin’s Shiba logo.
Elon Musk Tweet Spawns #DOGE1 Campaign
Musk has silently declared his price point for DOGE; he wants to see it hit that dollar mark. And he’s not alone, as legions of DOGE fans are now talking about it. The tweet has catalyzed the #DOGE1 hashtag, a rallying cry for the price point, and to the pleasant surprise of Musk, free advertising for his space-exploration company’s DOGE-1 satellite.
How much is that Doge in the window? pic.twitter.com/bxTkWOr50V— Elon Musk (@elonmusk) May 20, 2021
The tweet comes at a time right after some big losses for the meme crypto. And, it’s doing well to undo the damage. In fact, the seven-day percentage moved briefly into the green for the first time in a few days this morning, thanks in part to Musk’s supportive message. The crypto is currently up by 22% on the day’s trading session, changing hands at 42 cents.
While Musk has been a longtime fan of DOGE, a recent rumor is making the context behind these pro-DOGE tweets very interesting. A YouTuber recently theorized that Musk’s Tesla (NASDAQ:TSLA) is behind a $1.5 billion purchase of Dogecoin. Nothing is confirmed, but investors are taking interest to the unclaimed purchase. Many are speculating over whether or not Musk will reveal his EV-manufacturing company as the buyer.