Are Elon Musk’s Dogecoin Tweets Misdirections? Or Just Bad Jokes?
At the outset of this article, let’s start with the fact that Tesla’s purchase of bitcoin was in the best interest of the company. It is the most effective way CEO Elon Musk and company could — in the short term — fortify their balance sheet and position Tesla to execute its long-term vision. We’re both Tesla shareholders. And one of us — ProgrammableTX — also drives a Tesla, has his house powered by Tesla solar panels and owns a Tesla Powerwall, which has gotten him through more than a few blackouts. Get the drift? We’re pro Tesla. But this week has made one thing clear: While Musk....
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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 […]
Billionaire Elon Musk has been Dogecoin’s biggest supporter, and he has not been shy to say it. It was indeed the SpaceX CEO’s tweets that triggered the bull rally that saw the meme coin hit a high of $0.7 last year before starting its slow downtrend. However, even with the fact that Dogecoin has seemingly […]
Elon Musk’s role in the growth of Dogecoin over the years cannot be overstated, as the billionaire served as the cornerstone of the 36,000% rally that caught attention back in 2021. The support for the meme coin also continued long after this, moving Dogecoin into the payments sector as well. However, following Musk’s acquisition of […]
Following weeks of speculation and extreme volatility, many traders were expecting Dogecoin to surge to new highs from Elon Musk’s Saturday Night Live appearance. In anticipation of the Tesla CEO’s debut on SNL, Dogecoin’s price surged nearly 100% in the past week alone. On Friday, Dogecoin hit its all time high of $0.71 cents — […]
Musk's tweets have been credited with markedly influencing the value of the meme cryptocurrency. Tesla CEO Elon Musk reminded Twitter followers on Tuesday that despite the recent interest he’s taken in Dogecoin (DOGE) he still has no formal authority over the project.Musk was replying to a comment from a Doge-themed account which opined that he had taken to operating Dogecoin like one of his own companies, and that he’d effectively become the project’s CEO. The comment framed Musk’s influence as something to be celebrated, but the self-proclaimed “Dogefather” issued a reminder that he....