Elon Musk said it's time to buy Dogecoin, which has heightened market excitement Elon Musk reignited interest in Dogecoin (DOGE) after posting 'It's time' on X on November 3, mentioning his long-term interest in the meme-based cryptocurrency. The post quickly gained traction in the crypto community, recalling Musk's earlier comments about sending DOGE to space through the DOGE 1 mission. This comment was made while DOGE was trading near a critical support zone, and it reflects the ongoing interest from retail holders who view Dogecoin as a gateway to cryptocurrency adoption. Musk has previously referred to DOGE as 'the people's cryptocurrency,' and Tesla continues to accept tokens for select merchandise. Market analysts note that Musk's mentions are often associated with spikes in short-term trading volume, and in socially driven market trends, DOGE reacts faster than major altcoins.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
