Dogecoin Price Skyrockets 325%, Crypto Fueled by Elon Tweets and Redditors
The infamous meme token dogecoin has been skyrocketing in value rising more than 325.21% during the last 24 hours. After remaining below a U.S. cent for years, the humorous crypto asset is now exchanging hands for $0.05 per unit. The reason behind the big dogecoin price spike is similar to the recent Gamestop/Wallstreetbets story as a Reddit group called Satoshistreetbets has been behind the recent pump. In April 2019, the Tesla founder Elon Musk said dogecoin (DOGE) was his “fav cryptocurrency.” In June 2020, day traders from Tiktok decided to encourage people to buy dogecoin....
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Elon Musk has continued his Dogecoin rhetoric. The Tesla CEO Elon Musk sent the cryptocurrency world into a tizzy this weekend with tweets about the Bitcoin joke asset called Dogecoin. Unfortunately, his tweets have now spiked the price of the Shiba Inu, another meme coin. Related Reading | NFL Star Tom Brady Determined To Stake Big […]
Elon Musk is tweeting about Dogecoin again as DOGE rallies 25% on Binance. The price of Dogecoin (DOGE) rallied by roughly 25% on Dec. 20 as Tesla CEO Elon Musk once again drew attention to the meme-inspired cryptocurrency. Elon Musk and his enthusiasm toward Dogecoin is a long-running meme. Every once in a while, Musk likes to tweet about Bitcoin (BTC) and the crypto market. When he does, the market reacts to it quite aggressively.Musk last tweeted about Dogecoin in July 2020, when he said he foresees a "Dogecoin standard future." At the time, DOGE rallied 14%.The reason behind Dogecoin’s....
Shortly before Tesla revealed its major bitcoin buy, CEO Elon Musk was pumping doge. But is that funny, or just disingenuous? The post Are Elon Musk’s Dogecoin Tweets Misdirections? Or Just Bad Jokes? appeared first on Bitcoin Magazine.
Following Elon Musk’s Twitter acquisition confirmation last week, the price of Dogecoin (DOGE) went through the roof. For the first time since May of this year, DOGE surpassed the $0.01 mark and temporarily exceeded $0.14. On Monday, DOGE took a small breather, but it was not to last long. As numerous members of the Dogecoin […]
Just recently, the crypto asset dogecoin has seen some significant price gains and on Wednesday, Tesla’s founder Elon Musk tweeted about the digital currency incessantly. While people have been discussing the dogecoin pumps and Elon’s suggestive tweets, crypto supporters have been discussing a single dogecoin address that holds 36 billion tokens or more than 27% of the entire supply. Dogecoin and the ‘Thickest Wallet’ Dogecoin (DOGE), the meme token that came to life on December 6, 2013, has seen its fair share of market action this year. The token is currently....