Impact of Elon Musk’s tweets on the price of Dogecoin using Sentiment Analysis

Social media is pervasive and a regular part of our lives. People need to comprehend this in order to be able to influence the crypto currency market and an investor's purchasing and selling activity. Even one connected tweet from a powerful person like Elon Musk has a significant impact on these markets. This study aims to investigate how Elon Musk's tweets have affected the price of Dogecoin. The study describes how the sentiment of Musk's tweets correlates with the value of Dogecoin and how this has an impact on its value. Sentiment analysis is utilised to examine this correlation. For our research, we used two datasets: one containing tweets from Elon Musk, and the other being the Dogecoin dataset. Our findings suggest that Musk's tweets have a significant impact on the value of Dogecoin, and that the sentiment of Musk's tweets is an important factor that influences this relationship.