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October 2, 2022
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Dogecoin price soars with Elon Musk tweets

Earlier today, Tesla CEO Elon Musk tweeted the image of a rocket flying beyond the moon, adding the word DOGE. And Dogecoin returned to value.

Tesla CEO Elon Musk has just tweeted about Dogecoin three times, driving its price up 20% in the last hour. A Dogecoin is now worth $ 0.047, an increase of 50% on the last day and 540% on the last month.

Musk started tweeting the image of a rocket passing the moon (not far from his typical subject), but followed up with a tweet that said “Doge”. He seems to be claiming that the price of cryptocurrency may go to the moon. And, certainly, your tweet helped in that matter.

Dogecoin’s price was incredibly volatile last week. Known for seeing sudden spikes and falls, Dogecoin saw his biggest bomb when Telegram groups and other groups inspired by the Wall Street Bets movement started pumping his price, trying to take him to the distant $ 1 mark. $ 0.08 (when Only Fans star Mia Khalifa invested), only to drop to $ 0.02 soon after. Since then, its price has recovered somewhat until today’s bomb.

Musk also removed the mention of Bitcoin from his bio, leaving it blank for now. When he added it, Bitcoin’s price increased by $ 6,000, ushering in a new bullish wave. But removing it had little or no effect.

Musk followed his tweets saying, “The most fun result is the most likely.”

This is the same thing as him expressed at a recent club event, where he noted that “fate loves irony”, pointing out that “the most fun and ironic result would be that Dogecoin would become the” land currency in the future “

Shortly after his first tweets and Dogecoin’s initial injection, Elon Musk tweeted an image of the Lion King scene in which Rafiki holds a young Simba. Only it was tampered with to show him holding a young Dogecoin. He added, “You are welcome.”

After that, Musk added a few more tweets: “Dogecoin is the people’s cryptocurrency“,“There is no need to be a millionaire to own” and “No ups, no downs, just Doge.”Tweets are quickly getting a lot of exposure, with the first of those tweets getting about 30,000 retweets in just 15 minutes.

However, he said at the club event that he clarified that his tweets should be considered jokes.

Source: Decrypt

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