Where Ethereum and Bitcoin Headed After Musk’s Tweet
Bitcoin, Ethereum and even Dogecoin registered a spike in prices following Elon Musk’s tweet. The world’s richest person, Tesla and SpaceX Chief Executive Officer Elon Musk has been quite influential in terms of driving the price action of cryptocurrencies. In his recent tweet, Musk stated that he would not be selling his Bitcoin, Ethereum and Dogecoin and that he still continues to own them. This tweet came after Elon Musk asked a question about the expected rate of inflation in the next few years. Soon after that particular tweet, Bitcoin, Ethereum and even Dogecoin....
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Dogecoin had grown mainly off the back of billionaire Elon Musk’s shilling. By this time last year, the meme coin was booming in its full glory as tweet after tweet from the ‘Dogefather’ brought investors into the project in droves. Since then, the hype around the project has since died down as the price has […]
Bearish signals flashed bright red as NANO went on a tweet-induced (but short-lived) rampage. How can traders take advantage of social media-driven crypto rallies? When Elon Musk’s ‘Bitcoin is bad for the environment’ tweet caused a flash crash of BTC and the majority of altcoins’ prices earlier this week, a handful of digital assets headed in the opposite direction, making huge gains amid the sea of red. Those were the tokens that market themselves as environmentally friendly capitalizing on investors’ immediate instinct that Tesla might be switching to some alternative, eco-friendly....
The price of the Shiba Inu token rose 300% in the hours following Musk’s tweet. Though the price of Dogecoin (DOGE) surged over the weekend to surpass $0.06 again, this time another token based on a cuddly canine benefited from the hype around Elon Musk’s social media posts.In a Saturday night tweet, the Tesla CEO said he would be getting a Shiba Inu dog for his household. The dog — whose breed is native to Japan — was at the center of the popular meme on which Dogecoin was based in 2013. The meme features the dog looking into the camera with a seemingly confused expression as floating....
Dogecoin has made a massive 11% move up in the last 24 hours following Elon Musk’s latest tweet with a rocket emoji in it. Dogecoin Surges Up 11% In The Past 24 Hours After Elon Musk’s Latest Tweet DOGE “father” Elon Musk made a tweet yesterday that had an ASCII figure with large ears, holding […]
Musk’s latest tweet resulted in a 26% surge in the price of DOGE, while Coinbase is set to list the coin in six to eight weeks. Elon Musk’s latest foray into crypto markets came a few hours ago when he tweeted he is working with the DOGE developers to improve the cryptocurrency’s efficiency“Working with Doge devs to improve system transaction efficiency. Potentially promising.”According to Coingecko, the price climbed 26% from $0.38 this morning to $0.48 at the time of writing. The tweet’s reference to “efficiency” seemed to lend weight to the idea Tesla may add DOGE as a form of payment,....