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Dogecoin Is The People Crypto-Elon Musk’s Tweets Again

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Elon Musk posted a series of tweets about the Dogecoin cryptocurrency, after which Dogecoin price rose from $0.040 to $0.059 in no time.

Dogecoin has increased more than 300% in a week.
Last week, the Tesla founder posted the word “Bitcoin” in his Twitter profile. As a result, the Bitcoin price jumped to $37,000 from $32000.


Now Musk has removed Bitcoin and started posting tweets related to Dogecoin. First, the head of Tesla tweeted “Doge,” and a few minutes later added a few more sentences: “Dogecoin is the people’s cryptocurrency,” then “No ups and downs, only Doge.”

Such statements by Musk led to an increase in the price of Dogecoin in a matter of minutes. At the time of writing, the coin is trading around $0.0479.

 

Musk also believes that Bitcoin is already on the verge of widespread adoption in the financial sector. A few days ago, Musk called himself a Bitcoin supporter, regretting that he did not buy bitcoin as soon as he learned about it. To date, the market capitalization of Bitcoin exceeds $700 billion, and its price continues to stay within $35,500 to $37000 range.

This is not the first time Elon Musk has expressed sympathy for Dogecoin. In December, he also tweeted just the word “Doge” as the coin’s price jumped more than 200%.

Read: Elon Musk Recent Response About Bitcoin And Dogecoin-Do The Billionaire Own Dogecoin

Read: Elon Musk And Dogecoin-Influencers Heat Dogecoin Roller Coaster Ride

FTX US

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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