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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Cryptocurrency»Crypto Dogecoin rises on Elon Musk’s Twitter endorsement
    Elon Musk Dogecoin

    Crypto Dogecoin rises on Elon Musk’s Twitter endorsement

    2
    By Staff Writer on February 4, 2021 Cryptocurrency, News

    Share price of cryptocurrency, Dogecoin, rose by 50% following a tweet from Tesla founder, Elon Musk. It rose to about 5 cents from 3 cents, according to data from CoinMarketCap.

    Elon Musk tweeted a series of tweets about Dogecoin as shown below:

    No highs, no lows, only Doge

    — Elon Musk (@elonmusk) February 4, 2021

    Dogecoin is the people’s crypto

    — Elon Musk (@elonmusk) February 4, 2021

    ur welcome pic.twitter.com/e2KF57KLxb

    — Elon Musk (@elonmusk) February 4, 2021

    One of the tweets is a meme from the Disney movie, The Lion King, showing Elon Musk photoshopped on the monkey shaman Rafiki holding up the Dogecoin logo of a Shiba Inu in his hands.

    Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the popular “Doge” meme as its logo and namesake.

    Earlier in the week, Musk said on social app Clubhouse that he doesn’t have a strong view on other cryptocurrencies and that his comments on Dogecoin atre meant as jokes, adding “the most iconic outcome would be Dogecoin becomes the currency of Earth in the future.”

    Dogecoin’s market value is now at almost $7 billion making it the 12th biggest among cryptocurrencies.

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    I am a staff at Innovation Village.

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    2 Comments

    1. Pingback: Dogecoin Share Price Surges 20% as Crypto Fans Declare Doge Day | Innovation Village | Technology, Product Reviews, Business

    2. Pingback: Elon Musk says Tesla to accept dogecoin as payment for merchandise - Innovation Village | Technology, Product Reviews, Business

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