Dogecoin climbs after getting a hand from elon musk

While Dogecoin traders and long-term investors were happily watching the coin gain more than 25% seconds after Elon Musk dropped the big announcement about Tesla accepting DOGE for merch, the coin lost half of its daily growth only minutes later.

Market history
The sudden pump began at 10 a.m. UTC and the coin gained more than 9% to its value in only five minutes. Shortly after, the second big candle appeared, bringing 16.8% to the coin's value and putting it through approximately 28% daily growth.

The rally did not last long and the market was hit with strong selling pressure, which has initiated a retrace from the daily top back to the $0.19 zone. The daily growth has totaled 19% at press time.