In block 668,197 of the Bitcoin network, the text of one of Elon Musk’s tweets, founder of Tesla and SpaceX, was inserted.
«In retrospect, it was inevitable»
Recorded on the #Bitcoin blockchain in block 668,197. https://t.co/iPCxM2Fz5a pic.twitter.com/9S0NTN0Vpj
— Rafael Schultze-Kraft (@n3ocortex) January 29, 2021
“Looking back, it was inevitable,” he wrote.
Most users viewed this as a continuation of the Dogecoin (DOGE) storyline.
Earlier Musk again supported the cryptocurrency by posting an image of a dog.
— Elon Musk (@elonmusk) January 28, 2021
This occurred amid a rapid rise in the coin’s price, sparked by members of the r/SatoshiStreetBets community on Reddit. In 24 hours the cryptocurrency rose roughly tenfold, reaching a new all-time high of $0.078.
The Tesla chief has not been the first to draw attention to DOGE. In July 2020, Musk posted a tweet about the prospects for using Dogecoin technology as a global financial system. The coin rose 17%.
In December the entrepreneur again mentioned the cryptocurrency — DOGE’s price reacted with a rise.
Today, January 29, Musk added the Bitcoin hashtag to the description of his Twitter account, which has 44 million followers. After this the leading cryptocurrency rose by $6,250 in an hour, topping $38,000.
+$6,250 in one hour pic.twitter.com/snWkV7OS9C
— Crypto₿ull (@CryptoBull) January 29, 2021
In the comments on the blockchain-embedded tweet, a user asked Musk to mention Ethereum somehow, apparently hoping for a pump.
“We only need $2,000,” he clarified the target.
On January 19, Ethereum’s price reached a new high of around $1,440. At the time of writing the second-largest cryptocurrency was trading around $1,410 (CoinGecko).
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