Dogecoin Traders Await Elon Musk News; $DOGE Price Rise

Crypto News: For the first time after Elon Musk took the crypto market by storm by replacing Twitter logo with Dogecoin, the Tesla earnings are set to be released amid much anticipation. Earnings for the first quarter for the automaker are expected to come in less than the last quarter as profit dips. During the first quarter, the company initiated several price cuts for the electric vehicle models in the U.S., Asia, and select European markets. However, the crypto community would be looking for any DOGE related announcement from Musk.

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The crypto community was elated with Musk’s decision to have the Dogecoin logo in place of the Twitter bird. This move itself was single handedly responsible for a minor price rally in the crypto market in the first week of April 2023. Hence, any such initiative to include DOGE in the mix for Tesla could have significant impact again on the tokens.

Back To Back Boost

Meanwhile, the Dogecoin price could take new turns owing 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 whether Tesla made any new plans around sale or purchase of its existing DOGE holdings. Although there was no mention of crypto holdings in last few quarterly earnings release, Musk’s renewed interest over Dogecoin Twitter logo gives rise to fresh hopes.

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Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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