In the past week, Dogecoin has soared nearly 400%. If you are on Twitter, then you know that there is a billionaire who can create or destroy the market when tweets fall. The CEO of Tesla and SpaceX is Elon Musk. Sometimes he would suggest what to do or not to do, which completely changed the direction of the market. Nowadays, one of his favorite topics seems to be cryptocurrency. Dogecoin seems to arouse his curiosity the most. It started in 2013 as a meme on the Internet, but now it ranks among the top five cryptocurrencies in the world, with a market value of nearly US$40 billion (approximately 298 trillion rupees). .

According to the latest data on CoinDesk, the digital currency marked with the “Shiba Inu” dog has risen by 160.6% in the past 24 hours, and the latest transaction price is $0.35 (approximately 26 rupees). It cannot be denied that Musk’s frequent tweets about Dogecoin continue to increase the enthusiasm for digital currencies.

On Friday morning, Musk tweeted a photo of an artwork by the Spanish painter and sculptor Joan Miro. The billionaire captioned it: “Doge barking at the moon.”

On Friday night, after Dogecoin received a huge boost throughout the day, Tesla’s CEO came again. However, this time, he responded to a tweet from July 18, 2020. The original tweet was a meme, showing a sandstorm with a “Shiba Inu” dog face preparing to envelop the world. He mentioned that it was a global financial crisis. system.

In response to this tweet, Musk only shared an emoji, trying to tell the world that he was proven correct after the huge gain of Dogecoin.

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Users on Twitter began to react to the technology billionaire’s latest tweets, and some even praised him for making correct predictions.

“So either 1) you own a time machine, or 2) you are the greatest moment ever. Or both!” wrote a user.

Another shared his own meme, showing the struggle between various global currencies that ended in the victory of Dogecoin.

Here are some more reactions:

For a long time, Musk has been an ardent supporter of cryptocurrency. In January of this year, Tesla invested a huge amount of US$1.5 billion (approximately Rs 11,181 crore) in Bitcoin, the world’s largest virtual currency, and closed at US$61,822.06 (approximately Rs 46,08 crore) last Friday night.

Speaking of how much he seems to be a fan of Dogecoin, Musk once changed his Twitter profile to “the former CEO of Dogecoin.” In addition to him, other celebrities such as rapper Snoop Dogg and rock musician Gene Simmons have promoted the cryptocurrency on social media.


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