Why Dogecoin Is Jumping Today
Dogecoin (CRYPTO: DOGE) is making gains in Thursday trading: As of noon ET, the cryptocurrency's price was up 6.4% over the prior 24 hours. Meanwhile, Bitcoin (CRYPTO: BTC) was up 3.4%, and Ethereum (CRYPTO: ETH) was up 4%.
Dogecoin's climb appears to have been sparked by a recent move from Tesla and X CEO Elon Musk.
At the very end of 2024, Musk briefly changed his X account username to "Kekius Maximus." The name is a reference to several memes and characters across video games and movies, and the handle change may have been intended as a joke on the media. Musk quoted a tweet from a user who goes by "Adrian Dittman": "Imagine you're a journalist who's writing about Elon on X and it goes: 'Elon Musk, aka 'Kekius Maximus' on X..." Some people believe Musk also operates the Adrian Dittman account.
Source Fool.com
