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Elon Musk has tried once again to fuel the price of his favorite altcoin, dogecoin (DOGE) by tweeting about the meme coin to his more than 57 million Twitter followers. As expected, the Dogefather\u2019s social media stunt has boosted the price of DOGE, though the world\u2019s sixth-largest cryptocurrency is still miles away from its $0.73 all-time-high.<\/strong><\/p>\n The global cryptocurrency market is still trying to recover from the massive correction that saw the price of bitcoin (BTC) and altcoins, including Elon Musk\u2019s dogecoin (DOGE), crash by more than 50 percent since May.<\/span><\/p>\n While Musk\u2019s Twitter antics have drawn the ire of financial regulators in the past and have arguably made him the most controversial, albeit hated personality for bitcoin lovers, it appears the multi-billionaire will not turn a new leaf anytime soon.<\/span><\/p>\n In an attempt to send dogecoin to mars, Musk tweeted \u201cRelease the Doge!,\u201d alongside a meme depicting Marlon Brando, the actor of the Hollywood movie, The Godfather.\u00a0<\/span><\/p>\n As always, Musk\u2019s tweet almost instantly triggered a four percent surge in the price of dogecoin (DOGE), however, the momentum has since lost steam, sending the digital currency to $0.2534 at the time of writing.<\/span><\/p>\n Musk\u2019s latest dogecoin shilling has been applauded by fans of the cryptocurrency, however, some members of crypto Twitter have condemned him, accusing the SpaceX founder of orchestrating a pump & dump scheme.<\/span><\/p>\n \u201cElon is just toying around with people\u2019s feelings and money. He is running a pump n dump scheme. First, it was doge, then Matic, then Shiba, then cumrocket, floki. He buys a huge bag, tweets, ppl go crazy, they pump, Elon sells at ATH, and then dumps. Elon wins and people lose money,\u201d tweeted @IamShri_1.<\/strong><\/p>\n<\/blockquote>\n Initially created as a joke coin, dogecoin has managed to rise to the top of the crypto ecosystem, thanks to huge hype from celebrities and influential persons like Musk, with a handful of businesses now <\/span>accepting DOGE<\/span>.<\/span><\/p>\n<\/span>Musk Tweets Again<\/strong><\/span><\/h2>\n
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