He has taken to Twitter to mention DOGE again and it seems that he’s just having fun. Luckily for us, Elon struck twice. Elon Musk just pulled off the 'Musk Effect' again. According to Business Insider, Minutes after Musk’s tweet, Dogecoin rose sharply by 9%. However, Redditors rallied around the cryptocurrency at the same time, very likely confounding the tweet’s causal effect. Elon Musk’s tweets on Thursday may also be the reason: Musk turned the already increase in prices of Dogecoin by posting a painting, captioning it – a ‘Doge Barking at the Moon.’And then the price of the cryptocurrency also jumped, well on its way ‘to the moon.’ The painting is ‘Dog Barking at the Moon’ by painting by Spanish painter and sculptor Joan Miró. The gif Musk tweeted, featuring the breed of dog that is the "face" of Dogecoin. This is not even the second. The Egod tweet joins a long line of Dogecoin tweets from the SpaceX founder that have spiked the value of Dogecoin. 'To the Moon' is a term that was popularised by Wall Street Bets and Reddit. Termed, as the “Musk Effect”, this phenomenon occurred … Despite reports that Reddit’s r/WallStreetBets was part of the reason behind Friday's Dogecoin spike, it’s Elon Musk who can once again take credit. For the second time this week, Dogecoin has hit a milestone. However, it was down by over 9% as of 10:45 am on February 15. — Elon Musk (@elonmusk) March 18, 2021. “Doge is Egod”: Elon Musk. Moonshooting Dogecoin: Part II. A cryptocurrency created as a joke back in 2013 saw its value jump in leaps and bounds quite recently when Elon Musk decided to tweet about it! News18.com; Last Updated: February 08, 2021, 09:47 IST; FOLLOW US ON: Facebook Twitter. Elon Musk is well-known to the world as a PayPal cofounder, as well as Tesla and SpaceX CEO. Dogecoin jumped to $0.05798 according to data on blockchain and cryptocurrency website Coindesk. Of all the cryptocurrencies out there, Dogecoin seems to be the only one living in the hype. As reported by U.Today, Musk's frequent tweets about the meme coin have had a great impact on its price action. Dogecoin spiked roughly 200% to another record on Friday after an inscrutable Elon Musk tweet appeared to reference it. Musk went as far as imploring Dogecoin whales to sell off their stake in Doge to help the cryptocurrency gain wider adoption and also improve the price of the coin. This is not the first time that the technocrat's tweet led to a rise in the price of a cryptocurrency. The U.S. Securities and Exchange Commission is reportedly investigating Tesla CEO Elon Musk's tweets about joke cryptocurrency Dogecoin, according to media reports that cite sources familiar with the matter. Dogecoin Flies 86% Higher As Elon Musk Tweets About It Yet Again. The price of dogecoin, a cryptocurrency, has soared after Elon Musk underlined his power as a market tipster by tweeting about it. Let’s zoom in on the … How PKT Cash Provides an Economic Incentive for People to Connect … Last week, Musk decided to post a series of tweets about dogecoin. The SEC has attempted to regulate the budding crypto market, but it’s still not sure whether it has the authority. He constantly talks about Bitcoin and the meme currency dogecoin, and his tweeting spree is subsequently associated with the surge and often following an eventual downfall in the prices of the cryptocurrency. Elon Musk even replied to a fan asking whether he thinks Coinbase should add Dogecoin support, to which he said yes. Elon Musk Tweets about Dogecoin. On Thursday, Elon Musk shared a cryptic image on Twitter that signified that DOGE was going to the Moon. Whereas, on Wednesday, Dogecoin escalated 25% in a day after a one-word tweet from Musk. Elon Musk's Obsession With Dogecoin Has Skyrocketed Cryptocurrency Market Price, Memes. The entrepreneur also went after Dogecoin whales, promising to pay them for … Tesla CEO Elon Musk tweets about Dogecoin all the time, and his tweets helped the cryptocurrency spike more than 100 percent on Friday, April 16.. Recall that the analysis assumes that Elon Musk’s tweet was the only thing of significance happening to Dogecoin at that time. London: Dogecoin surged more than 50% on Thursday after billionaire entrepreneur Elon Musk tweeted his support for the cryptocurrency, two days after he said he was to take a break from Twitter "for a while". Musk first tweeted "Doge" and immediately followed it up with "Dogecoin is the people's … All this added up to another pump which has still not ended. Fueled by Elon Musk's tweet, a lot of people bought large quantities of Dogecoin … I honestly don’t understand what this means, but it was more than enough to push the prices up again. 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, the internet's new favorite cryptocurrency, is taking over the digital space thanks to Elon Musk.. This is because while writing this article, it is still up by … This is not the first time that Elon Musk has thrown his weight behind the cryptocurrency. The coin has now climbed 520% over the past week, according to Coinbase data. Heck, he was the one who actually made the coin famous. Now, Dogecoin has made it to the headlines, thanks to the tech billionaire Elon Musk. Elon Musk says Dogecoin is 'literally' going to the moon in latest tweets touting the cryptocurrency after buying coins for his infant son and pushing the price up 890% this year . Tags: Dogecoin, Elon Musk. Elon Musk after a brief Twitter poll, has also declared dogecoin the 'future currency of the Earth.' by Adrian Zmudzinski. The future currency of Earth. April 14, 2021 9:35 am. As for Musk, he has mostly overwhelmed the agency in the past. The only reason that its price has increased is because of the constant tweets by Elon Musk. Elon Musk said that he supports major holders of the meme-based digital currency dogecoin selling most of their coins, adding that he felt too much concentration in dogecoin was the "real issue." Dogecoin is surging after billionaire Elon Musk and other celebrities appeared to back the cryptocurrency on Twitter. Instagram Telegram Google News. — Elon Musk (@elonmusk) February 6, 2021. Elon Musk's cryptic tweet on Dogecoin spark meme fest, 'Doge Barking at the Moon' Dogecoin was inspired by a viral dog meme, it seeks to address the shortcomings of traditional banking systems The term and is used by people to say the crypto/share's prices are going to rise up dramatically. It still stood at -2.05%. Elon Musk’s tweets. Elon Musk, the CEO of Tesla and Space X is known for his support for cryptocurrency which is often expressed on his Twitter. Credit: Twitter / Elon Musk. Such is the influence of the personality, Elon Musk. License. Elon Musk Can’t Stop Pumping Dogecoin on Twitter People Feb. 4, 2021 Tesla and SpaceX CEO, Elon Musk, has tweeted again about Dogecoin, causing a rapid increase in the price of the project’s native currency, DOGE. Also he is the man who came up with the idea to produce flamethrowers in case there’s a zombie apocalypse (from his Boring Company) and the cybertruck, and lover of Dogecoin. And this time around, it may be thanks to Elon Musk. We would like to show you a description here but the site won’t allow us. Musk seems to have fun, … Elon Musk’s dogecoin tweets ‘investigated by SEC’ Dogecoin: How did a Shiba Inu meme become the world’s richest man’s favourite cryptocurrency? Dogecoin hype! RelatedPosts. News Elon Musk Twitter Cryptocurrency The cryptocurrency Dogecoin hit a record high of $0.298 Friday morning amid Tesla CEO Elon Musk 's boosting of the virtual currency on social media. Elon Musk tweets about Dogecoin, and it raised by 10%. But does Musk actually own Dogecoin himself?. He replied to a tweet showing a woman wearing Tesla-branded shorts saying, ” Bitcoin is my safe word,” and it did not stop here. Twitter flooded with memes after WhatsApp, Instagram were briefly down Hindustan Times Watch: BJP workers vandalise party office in Malda, demand candidate change When asked by a Twitter user on February 23 why he is a fan of the joke crypto, Musk replied: "I love dogs & memes." It started all as a joke and ended as one, but still, the price of Dogecoin soared by 40%. The Tesla CEO and SpaceX chief, and world's current richest man, may have inflated the prices of stocks again, and it's the … Details about the investigation remain unknown. The 24-hour change recorded, however, wasn’t made up for by this spike. A week after the initial frenzy, Musk fired off a series of tweets about Dogecoin. Elon Musk has been known to tweet frequently about the meme coin, with his series of tweet about the coin having an impact on the price action of the coin.
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