- Elon Musk’s announcement of Dogecoin logo in place of Twitter bird led to a minor price rally in the crypto market in early April 2023.
- DOGE traders eagerly await Tesla earnings and the upcoming Starship launch on Thursday.
Dogecoin traders are eagerly waiting for any news related to Elon Musk, as the Tesla earnings for Q1 are set to be released soon. Musk had previously taken the crypto market by storm by replacing the Twitter logo with Dogecoin, which led to a minor price rally in the first week of April 2023. The crypto community is hopeful for any Dogecoin-related announcement from Musk that could significantly impact the tokens.
The Tesla earnings are expected to come in lower than the last quarter as the automaker initiated several price cuts for the electric vehicle models in the U.S., Asia, and select European markets. However, traders are more interested in any update on whether Tesla made any new plans around the sale or purchase of its existing DOGE holdings.
Despite the absence of any mention of crypto holdings in the last few quarterly earnings releases, Musk’s renewed interest over the Dogecoin Twitter logo has given rise to fresh hopes among the crypto community.
The Dogecoin price could take new turns owing to the double boost in the form of Tesla earnings and the much-awaited Starship launch on Thursday. Starship is touted as the world’s most powerful launch vehicle ever developed. Traders will be looking for comments on Dogecoin and its relation to Tesla’s financial results.
While Dogecoin started as a joke, it has gained a lot of popularity over the years and has been used for various charitable causes. Dogecoin has also gained the attention of celebrities like Elon Musk and Mark Cuban, which has led to a surge in its popularity and price.
Overall, the anticipation around the Tesla earnings and Starship launch has created a buzz in the crypto community, and traders are eagerly waiting for any news related to Dogecoin. While there is no guarantee of a price rally, the crypto community is hopeful that Musk’s renewed interest in Dogecoin will lead to some positive news for the token in the near future.