Popular memecoin Dogecoin (DOGE) saw a slight spike in price over the weekend as billionaire Elon Musk, CEO of Tesla brought back the phrase 'DOGE To The Moon' on Twitter.
He started with the expression in his speech on Twitter space on Saturday hosted by Mario Nawfal, founder of International Blockchain Consulting Group.
In addition to concerns from DOGE, Musk also expressed his views on the security of cryptocurrency assets as well as Sam Bankman-Fried, the founder of FTX who showed interest in acquiring a stake in Twitter.
This follows because Bankman-Fried intended to invest in the social media platform but he showed unpleasant gestures.
The string, Musk issued statements such as "If it's not your key it's not your wallet" and mentioned that he had worked hard to develop DOGE.
It was also explained that the price of DOGE saw positive momentum after Musk took over Twitter and gave full support to the memecoin.
Nevertheless, the crypto market which experienced a drastic fall at the beginning of the week has had a negative impact on all digital assets including DOGE which has decreased by 28.51% in the last 7 days.
In the meantime, investors expressed their excitement as Musk is likely to integrate DOGE into Twitter after seeing him put a Twitter t-shirt on his pet Shiba Inu during Halloween.
As of this writing, DOGE is currently hovering at the 0.08200 price zone showing a slight retracement in the past 24 hours.
