Dogecoin: These metrics spike as ElonMusk reveals 'dog-themed' CEO
The DOGE value went up 5.28% hours after the tweet. However, the price action was not facet impacted by the Musk tweet. On-chainThe social volume is built upon the number of text documents containing the search for an asset within an interval. So, the hike meant that investors were rapidly on the lookout for DOGE amid the event. But that was not the lone ranger in the movement.
According to data from Santiment, the positive sentiment toward DOGE dashed up the ladder to 985. But information as at press time showed that the excitement hovering around the coin had dwindled.Earlier, Musk confirmed that he would leave the position by the end of 2023 and ensure a smooth sail for a new head,Although the Twitter Chief noted that he needed to put things in order for the smooth transition of a new CEO.
“I need to stabilize the organization and just make sure it;s in a financially healthy place and the product roadmap is clearly laid out.”Interestingly, there was a follow-up conversation to the controversial tweet. Musk added, “So much better than that other guy!” under the thread as Dogecoin’s co-creator, Billy Markus, replied.
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