Dogecoin: These metrics spike as Elon Musk reveals ‘dog-themed’ CEO

ambcrypto.com:

Once again, Elon Musk has left the Dogecoin [DOGE] community bewildered about what role the meme cryptocurrency might play in his Twitter rebrand. Prior to the latest links, the Dogecoin enthusiasts had hoped that Musk would consider the meme coin as the payment currency for the micro-blogging platform. But that has yielded no fruit.

How much are 1,10,100 DOGEs worth today ?

The CEO, a revered DOGE admirer, tweeted a dog-like new CEO on 14 February. This action sparked reactions with some hinting that the new CEO would be Musk-like in terms of the likeness for DOGE.

— Elon Musk (@elonmusk) February 15, 2023

The DOGE value went up 5.28% hours after the tweet. However, the price action was not facet impacted by the Musk tweet. On-chain analysis showed that social volume went as high as 1516 until the early hours of 15 February.

The social volume is built upon the number of text documents containing the search for an asset within an interval. So, the hike meant that investors were rapidly on the lookout for DOGE amid the event. But that was not the lone ranger in the movement.

According to data from Santiment, the positive sentiment toward DOGE dashed up the ladder to 985. But information as at press time showed that the excitement hovering around the coin had dwindled.

Source: Santiment

Earlier, Musk confirmed that he would leave the position by the end of 2023 and ensure a smooth sail for a new head, Bloomberg reported . 

Although the Twitter Chief noted that he needed to put things in order for the smooth transition of a new CEO. Addressing Twitter’s struggles to hit significant profitability, Musk said,

“I need to