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Elon Musk announced on May 13, that he is presently working with Dogecoin developers to make DOGE payments more efficient and easy.Right away after Elon disclosed the news, the Dogecoin price skyrocketed by over 14%.Note that Dogecoin started as a spirited joke with no technological attributes.While Elon has been sharing several DOGE-related tweets this year, no conclusive conclusions were drawn.The altcoin's price has increased considerably in reaction to Elon's DOGE declarations. When Elon called it a hustle, when he appeared on Saturday Night Live in the beginning of May.Both Dogecoin and Bitcoin (BTC) costs, have actually been affected by Elon's tweets and statements these days.The crypto neighborhood thinks that Elon's actions could be created to control the whole crypto market, because of the impact he has actually had on Bitcoin and Dogecoin.jrny crypto have also declared that Elon might control DOGE through rhetorical habits.In this way, the trade neighborhood thinks Elon could cause a DOGE crash at any time, if he disliked the coin.Musk's intention might not matter, however that leaves DOGE investors in a vulnerable position.On Binanco.com, Dogecoin trades at $0.543753, which is connected with a 24-hour trading volume of $45,376,815,332.