in early 2019 Elon musk called himself doge-coin CEO. 11 min read. Elon Musk has also been developing some sort of … Despite favoring and supporting Bitcoin in front of the community, DOGE was Musk’s first introduction to […] Spread the love The “former CEO” of the project, Elon Musk, called Dogecoin “People’s Crypto.” Tesla’s CEO, Musk, was waiting for the launch of Falcon 9, after which he had a look at his newly discovered interest in cryptocurrencies. Elon Musk on Dogecoin Tesla founder Elon Musk had previously tweeted about dogecoin and indicated in April 2019, that it was his “fav cryptocurrency.” Recently, in January of 2021, It saw an increase of over 800% overnight as Elon Musk started tweeting about this coin as he is somewhat a meme fanatic. Since r/WallStreetBets Reddit frenzy, Musk has been actively sharing memes and opinions about the same. They got together online, discussed or promoted the currency, bought it, and increased the value of the market share of it. Dogecoin (DOGE-USD) has soared almost 200% to a new-all time high of $0.3922 (£0.28), riding a broader wave of interest in cryptocurrencies that has been cresting in recent days. Dogecoin Records Biggest Jump in a Day, Soars Over 100 Percent After Elon Musk’s Tweet Dogecoin has received a whopping 11,853.75 percent growth in the last one year. Dogecoin has soared almost 200% to a new-all time high of $0.3922 (£0.28), riding a broader wave of interest in cryptocurrencies that has been cresting in recent days.The cryptocurrency, which first started up as a joke in 2013, now has a market cap of $33.4bn thanks to the recent surge. Elon Musk at the ForeFront of Dogecoin, Bitcoin Latest Rallies. For a relatively brief period, Elon Musk changed his Twitter profile status to bear the “#Bitcoin” tag. This as well caused the coin (dogecoin) to pump 58% from its initial level. This gesture was seen as a prompt that the billionaire investor is endorsing the premier digital currency and this sent Bitcoin’s price up … Why Elon Musk’s Dogecoin Tweets Have Hit a Bitcoin Nerve. DogeCoin reportedly went all the way from just $0.007 a token up to $0.07 each which is a massive growth of around 1000%. It puts the coin in the top 10 most valuable cryptocurrencies when measured by market capitalisation. Elon Musk has again touted DogeCoin, saying the meme cryptocurrency is 'literally' going to the moon after buying an undisclosed amount for his … This “cars and Mars” strategy, of course, requires a lot of money. Elon Musk has big ambitions. Some experts explained Elon Musk’s investment in another way and tried to demonstrate why he loves Dogecoin: It was a social coordination game with no connection to the business of an actual company. now it’s 2020 . ... tells me a Musk-driven boom-and-bust in Dogecoin would make it harder to promote … Elon Musk has become quite an influencing internet personality over the years. Musk calls Dogecoin 'people's crypto' Musk's first-ever tweet promoting Dogecoin was a word: 'Doge', this was followed by several other tweets, with the latest being Musk saying that the cryptocurrency was 'on the actual moon.’ The phrase, 'Going to the moon’, is renowned widely in the trading markets to predict a jump in stock pricing. He has also been sort of openly promoting the digital currency, […] He’s not only trying to move the planet to electric cars, he’s trying to get humanity to Mars. Elon musk loves Dogs and it’s not his first making a reference to dogecoin publicly. The world’s richest man is regularly active on social media and shares opinion about various burning topics.
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