---
title: "Dogecoin (DOGE) Price Stirs to Life as Elon Musk Namechecks Meme Coin"
url: https://diffcoin.com/dogecoin-doge-price-stirs-to-life-as-elon-musk-namechecks-meme-coin/
description: "Unlike previous examples, this time DOGE's price jumped in a more modest fashion."
published: 2023-08-23
updated: 2023-08-23
author: "Mila"
site: "Diffcoin"
---

# Dogecoin (DOGE) Price Stirs to Life as Elon Musk Namechecks Meme Coin

Elon Musk is at it again. The controversial owner of X published a cryptic post on the social media platform, declaring, “X is a dog and Doge friendly place!”

> X is a dog & Doge friendly place!
> 
> — Elon Musk (@elonmusk) [August 23, 2023](https://twitter.com/elonmusk/status/1694255122409234470?ref_src=twsrc%5Etfw)

- The post is the latest installment in Musk’s highly publicized relationship with Dogecoin (DOGE).
- He often calls himself the “Dogefather” and the “Dogecoin CEO,” with his actions and words helping to raise the meme coin’s profile in both pop culture and the financial world.
- Often, Musk’s DOGE-related comments have caused the coin’s price to shoot up considerably.
- In April of this year, before eventually changing Twitter’s name to X, the Tesla CEO surprised everyone by switching its blue bird logo for the Dogecoin Shiba Inu dog image.
- This change caused the price of DOGE to go up by 30%, showing how sensitive the market is to what Musk does and says about the cryptocurrency.
- However, following his latest post, DOGE prices have only moved slightly, gaining 0.6% in the hour preceding this writing and 0.9% over the last 24 hours.

![DOGEUSD. Source: TradingView](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxODM1IDkwMSIgd2lkdGg9IjE4MzUiIGhlaWdodD0iOTAxIiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyMyUyRjA4JTJGRE9HRVVTRC5wbmciIGRhdGEtdz0iMTgzNSIgZGF0YS1oPSI5MDEiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

DOGEUSD. Source: TradingView

- The coin has had a relatively difficult period, losing 16.8% of its value over 30 days and 10.3% in the last seven days. After touching $0.0817 in late July, DOGE is now trading at $0.0633, with a 24-hour trading volume of $370 million.

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