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$DOGE Second Stage: Elon Musk's "God-Level Hype," from $0.08 to $0.47 (March–April, 60x)
If retail investors are the "igniters," then Elon Musk is the "core engine" behind Dogecoin's surge. This Tesla CEO, "Silicon Valley Iron Man," has been consistently endorsing Dogecoin, with every tweet directly sparking market movements:
- On February 4th, Musk tweeted simply "Doge" with a Shiba Inu emoji, causing Dogecoin to surge 50% in 24 hours;
- In March, he announced that Tesla merchandise could be paid for with Dogecoin, giving it a real-world use case, and the price continued to climb;
- On April 16th, he posted a picture of a dog barking at the moon, with the caption "Dogecoin to the moon," causing Dogecoin to skyrocket 200% in a day, and within 5 days, it increased fivefold, reaching $0.47;
- By this time, Dogecoin's price had increased over 100 times since the beginning of the year, with a market cap surpassing $50 billion, overtaking companies like Marriott International.