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Benzinga
Benzinga
Business
Melanie Schaffer

How Dogecoin Looks Following Elon Musk-Fueled Mini-Rally

Elon Musk Dogecoin Crypto

Dogecoin (CRYPTO: DOGE) spiked up more than 15% higher at exactly 11:27 a.m. on Friday when Tesla, Inc (NASDAQ:TSLA) CEO Elon Musk took to Twitter Inc (NYSE:TWTR) to say that the SpaceX merchandise will soon be available for purchase in Dogecoin.

The surge lasted for two minutes and was followed by a slow retracement back toward the crypto's 24-hour opening price by midafternoon.

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