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29 March 2024
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Elon Musk makes DOGE’s market cap raise a few billions with tweet

One Golden Dogecoin DOGE with Cryptocurrency on hand business woman with the cryptocurrency graph for trading.

Within minutes, Dogecoin’s market capitalization (ticker: DOGE) totaled $3 billion, moments after Tesla CEO Elon Musk tweeted that his imaginary university would accept the crypto-meme as tuition payment.

meme as tuition payment.

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Tweet by Elon Musk

Musk also joked that students who have a dog could get an unspecified discount.

This was enough to cause a market euphoria over this cryptocurrency so talked about and popular on Twitter.

Last week, the billionaire sent Twitter users into a frenzy after revealing his plan to open a university called “Texas Institute of Technology & Science.”

While some perceived Musk’s bold proposal as juvenile and unpleasant, others began to make a series of jokes and memes about the acronym (“TITS”), which soon became one of the most popular topics on Twitter.

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It’s still unclear if Musk’s tweet was anything more than a simple bad joke, but the Dogecoin community is already saving up to pay the tuition (lol).

Despite Musk’s push, Dogecoin still remains below Shiba Inu in the cryptocurrency by market cap ranking.

As of this writing, the price of DOGE is US$0.2711 (23.75% increase in the last 30 days).

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The crypto-meme currently occupies the 10th position in the Coingolive ranking.

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