Dogecoin rallies after Elon Musk uses drones to project DOGE at a Tesla event.

April 8, 2022

At Tesla’s launch event for the Texas Gigafactory dubbed “Cyber Rodeo,” Elon Musk used drones to project the Dogecoin mascot in the sky.

Dogecoin rallied nearly 8% after the Tesla event.

Tesla CEO Elon Musk has never shied away from expressing his support for the original meme-based cryptocurrency.

Earlier this year, Tesla had enabled a Dogecoin payment feature to let customers buy the company’s merchandise.

The tech billionaire had caused Dogecoin to rally after acquiring 9.2% stake in Twitter last week.

Dogecoin supporters are expecting Elon Musk to introduce Dogecoin tip jar on the microblogging platform.

“Dogecoin to the Moon, indeed!” ~ Elon Musk