Dogecoin rose by almost 50% in price in less than an hour after Elon Musk posted a series of tweets.
Doge
— Elon Musk (@elonmusk) February 4, 2021
Half an hour after the first tweet, SpaceX and Tesla chief posted a picture of the coin’s symbol being raised:
ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
In the third tweet, he called Dogecoin ‘the people’s crypto’.
Dogecoin is the people’s crypto
— Elon Musk (@elonmusk) February 4, 2021
In the fourth, Musk wrote: ‘No highs, no lows, only Doge’.
No highs, no lows, only Doge
— Elon Musk (@elonmusk) February 4, 2021
At the same time, billionaire Mark Cuban said that between buying a lottery ticket and Dogecoin, he would choose the latter.
If I had to choose between buying a lottery ticket and #Dogecoin …..I would buy #Dogecoin. But please dont ask me to choose between it and anything else 😁😁😁 https://t.co/BXwqHnq9IZ
— Mark Cuban (@mcuban) February 4, 2021
As of writing, Dogecoin traded at $0.058.
Data: TradingView.
In April 2019, Elon Musk described Dogecoin as his favourite cryptocurrency.
In March 2020, the entrepreneur posted a dog photo on Twitter and said that ‘they have the best coin’.
Later Musk admitted that he enjoys «to joke» about Dogecoin.
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