Deja Vu? Dogecoin tweets by Tesla CEO boost DOGE/USD by 7%

Deja Vu? Dogecoin tweets by Tesla CEO boost DOGE/USD by 7%

Deja Vu? Dogecoin tweets by Tesla CEO boost DOGE/USD by 7%

Deja Vu? Dogecoin tweets by Tesla CEO boost DOGE/USD by 7%.

Unveiled a mere two months ago, the mystery of “Dogecoin” has suddenly died down, as word of the joke currency’s surging value has reached the ears of one of the world’s richest men—Tesla Motors CEO Elon Musk. When Musk tweeted a link to a Dogecoin wallet and called it a “joke currency,” the joke cracked wide open, sending Dogecoin’s value skyrocketing. It rose from 0.0020 BTC ($0.00031) on January 4 to 0.0033 BTC ($0.00046) hours later, and has since been barely moving.. Read more about elon musk twitter and let us know what you think.

Summary of the situation

– Elon Musk’s tweets about Dogecoin prove his strong commitment to the crypto-currency market.
– Dogecoin is trading at $0.2573 today, up 7% in less than 24 hours.

Elon Musk, CEO of Tesla and founder of the company, is stepping back into the world of cryptocurrencies. On this occasion, he wrote tweets about Dogecoin that helped the token rise in value.

Dogecoin, along with other cryptocurrencies, has been hit by China, Japan and the UK. Since May, the crypto-currency has lost 50% of its cumulative value when it reached its all-time high. However, Elon Musk has raised the price of the cryptocurrency again, allowing it to trade at 1. July lost 7% of its value.

Baby Doge, duh, duh, duh, Baby Doge, duh, duh, duh, duh, duh, duh, duh.

– Elon Musk (@elonmusk) July 1, 2021

Bitcoin, Ethereum and other cryptocurrencies, however, are holding back after an uptrend. The cryptocurrency market has not seen much movement in recent weeks. For example, bitcoin doesn’t come out of a loop.

Elon Musk and Dogecoin tweets benefit investors

Deja Vu? Dogecoin tweets by Tesla CEO boost DOGE/USD by 7%

Dogecoin was trading below $0.24 yesterday after it encountered UK regulation. However, thanks to Dogecoin’s tweets, the cryptocurrency recovered and reached $0.2573 in early July. CoinMarketCap says Musk has done it again, talking about DOGE and immediately driving up the price of the cryptocurrency.

Crypto-currency trading after the Dogecoin tweets stood at $2,762,760,820 after the announcement went live. However, some experts believe that this rise in dojas may turn out to be a bubble.

Musk and his influence on cryptocurrencies

This isn’t the first time Elon Musk has talked about Dogecoin on Twitter, as he was behind the cryptocurrency’s meteoric rise in April. Before Musk started talking about DOGE in the first few months of the year, the cryptocurrency was virtually unknown. Dogecoin was actually a meme-based cryptocurrency that had no competitive value until 2021.

One of Musk’s recent tweets about Dogecoins reads: The sponsor, with a signature: Free the Doge! This generates a lot of retweets. While the post seems simple on social media, it shows that Musk still has power over crypto-currencies.

While the Tesla CEO’s reasoning was reasonable when it came to dogecoin, the same cannot be said for bitcoin. The cryptocurrency that dominates the virtual market suffered from the billionaire’s views a few weeks ago. Musk argued that bitcoin is not environmentally friendly when mined, after it was accepted for payments at Tesla.

According to public opinion, Elon Musk is like a double-edged sword that both benefits and discredits the cryptocurrency market. Although the tycoon has supporters all over the world, there are also those who do not support him.

But so far, his tweets have helped the cryptocurrency, which almost disappeared after a huge drop in value. Dogecoin and Shiba Inu are among the crypto-currencies that have seen the most changes in value in recent days. Dogecoin has a steady flow, and the value may rise later in the day.It was an unusual start to the week for Dogecoin (aka DOGE). After falling to $0.0016 on Friday, it came roaring back to life on Monday, with over $1.5 million worth of DOGE traded on the Poloniex exchange alone in the first two hours of the day. Why the sudden spike? It was all thanks to Tesla CEO Elon Musk and his tweet about Dogecoin. The tweet—which was a response to a question about cryptocurrency legal status—sparked a flood of Dogecoin related tweets from Musk, who later responded to a follower via direct message that the dogecoin community should meet up in Los Angeles.. Read more about elon musk, dogecoin price and let us know what you think.

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