Elon Musk has as soon as once more taken to X to share a publish about Dogecoin, mimicking one of the well-known scenes from the blockbuster film “The Godfather.”
Abstract
- Elon Musk shared a Dogecoin-themed AI video impressed by The Godfather, producing over 18 million views and excessive engagement on X.
- Dogecoin value confirmed little response, buying and selling round $0.093 and remaining practically 40% beneath its yearly excessive amid broader market weak point.
In a March 19 X publish, the X proprietor and a long-time advocate of the world’s main meme coin Dogecoin, Musk shared an AI-generated video from the parody X account Sir Doge of the Coin.
Within the video, Musk was seen wearing a black tuxedo with a Shiba Inu canine whereas seeming to imitate a well-known scene performed by Marlon Brando because the character Vito Corleone from the traditional film “The Godfather.”
“You come to me on the day of my doge’s wedding ceremony, and also you ask me for my personal key. Are you even a buddy? You don’t even suppose to name me the dogefather,” the AI-generated avatar of Musk stated.
At press time, the video had gained over 18.4 million views, 64,000 likes, and over 6,800 retweets, displaying the sheer scale of engagement by the crypto group.
The tech tycoon has lengthy been identified to advocate Dogecoin, together with his social media posts on the meme coin traditionally triggering huge volatility in Dogecoin (DOGE), sometimes called the “Musk Impact.”
In his previous antics, he even as soon as briefly turned the Twitter blue fowl emblem into the Shiba Inu (Doge) meme for a number of days. DOGE soared over 30% on the peak of the frenzy. When the emblem was modified again three days later, the worth dropped by roughly 9%.
Nevertheless, probably the most memorable occasion can be his Saturday Night time Reside (SNL) Look on the peak of the 2021 bull run, the place he known as himself the “Dogefather” in promos, however jokingly referred to DOGE as a hustle throughout a sketch. Dogecoin value shot as much as an all-time excessive of $0.73 simply earlier than the present. Nevertheless, it got here crashing down practically 30% to 40% throughout the broadcast.
This time, Dogecoin’s value has not but proven any optimistic momentum following the most recent publish. Buying and selling at $0.093, the meme coin has fallen over 3.2% as noticed at press time. The tenth largest crypto asset available in the market has fallen practically 40% from its 12 months up to now excessive and 87.2% from its all-time excessive.
Momentum indicators just like the MACD and RSI counsel that the meme coin may prolong its downtrend, particularly since risk-on sentiment is withering amid ongoing geopolitical and macroeconomic uncertainty.
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