Recall that the analysis assumes that Elon Musk’s tweet was the only thing of significance happening to Dogecoin at that time. Elon Musk Can’t Stop Pumping Dogecoin on Twitter People Feb. 4, 2021 Tesla and SpaceX CEO, Elon Musk, has tweeted again about Dogecoin, causing a rapid increase in the price of the project’s native currency, DOGE. Elon Musk's Obsession With Dogecoin Has Skyrocketed Cryptocurrency Market Price, Memes. by Adrian Zmudzinski. Let’s zoom in on the … Tesla CEO Elon Musk tweets about Dogecoin all the time, and his tweets helped the cryptocurrency spike more than 100 percent on Friday, April 16.. It still stood at -2.05%. Elon Musk just pulled off the 'Musk Effect' again. The term and is used by people to say the crypto/share's prices are going to rise up dramatically. He replied to a tweet showing a woman wearing Tesla-branded shorts saying, ” Bitcoin is my safe word,” and it did not stop here. He has taken to Twitter to mention DOGE again and it seems that he’s just having fun. The gif Musk tweeted, featuring the breed of dog that is the "face" of Dogecoin. I honestly don’t understand what this means, but it was more than enough to push the prices up again. The 24-hour change recorded, however, wasn’t made up for by this spike. Elon Musk even replied to a fan asking whether he thinks Coinbase should add Dogecoin support, to which he said yes. Credit: Twitter / Elon Musk. The price of dogecoin, a cryptocurrency, has soared after Elon Musk underlined his power as a market tipster by tweeting about it. Dogecoin is surging after billionaire Elon Musk and other celebrities appeared to back the cryptocurrency on Twitter. This is not the first time that the technocrat's tweet led to a rise in the price of a cryptocurrency. Dogecoin jumped to $0.05798 according to data on blockchain and cryptocurrency website Coindesk. Dogecoin spiked roughly 200% to another record on Friday after an inscrutable Elon Musk tweet appeared to reference it. London: Dogecoin surged more than 50% on Thursday after billionaire entrepreneur Elon Musk tweeted his support for the cryptocurrency, two days after he said he was to take a break from Twitter "for a while". Musk went as far as imploring Dogecoin whales to sell off their stake in Doge to help the cryptocurrency gain wider adoption and also improve the price of the coin. As for Musk, he has mostly overwhelmed the agency in the past. 'To the Moon' is a term that was popularised by Wall Street Bets and Reddit. Such is the influence of the personality, Elon Musk. Twitter flooded with memes after WhatsApp, Instagram were briefly down Hindustan Times Watch: BJP workers vandalise party office in Malda, demand candidate change News18.com; Last Updated: February 08, 2021, 09:47 IST; FOLLOW US ON: Facebook Twitter. The entrepreneur also went after Dogecoin whales, promising to pay them for … Luckily for us, Elon struck twice. Moonshooting Dogecoin: Part II. RelatedPosts. News Elon Musk Twitter Cryptocurrency The cryptocurrency Dogecoin hit a record high of $0.298 Friday morning amid Tesla CEO Elon Musk 's boosting of the virtual currency on social media. A cryptocurrency created as a joke back in 2013 saw its value jump in leaps and bounds quite recently when Elon Musk decided to tweet about it! Elon Musk Tweets about Dogecoin. The U.S. Securities and Exchange Commission is reportedly investigating Tesla CEO Elon Musk's tweets about joke cryptocurrency Dogecoin, according to media reports that cite sources familiar with the matter. We would like to show you a description here but the site won’t allow us. Fueled by Elon Musk's tweet, a lot of people bought large quantities of Dogecoin … The future currency of Earth. The SEC has attempted to regulate the budding crypto market, but it’s still not sure whether it has the authority. “Doge is Egod”: Elon Musk. This is not even the second. As reported by U.Today, Musk's frequent tweets about the meme coin have had a great impact on its price action. This is because while writing this article, it is still up by … Details about the investigation remain unknown. Elon Musk’s dogecoin tweets ‘investigated by SEC’ Dogecoin: How did a Shiba Inu meme become the world’s richest man’s favourite cryptocurrency? The coin has now climbed 520% over the past week, according to Coinbase data. Elon Musk's cryptic tweet on Dogecoin spark meme fest, 'Doge Barking at the Moon' Dogecoin was inspired by a viral dog meme, it seeks to address the shortcomings of traditional banking systems Dogecoin, the internet's new favorite cryptocurrency, is taking over the digital space thanks to Elon Musk.. However, it was down by over 9% as of 10:45 am on February 15. Termed, as the “Musk Effect”, this phenomenon occurred … — Elon Musk (@elonmusk) February 6, 2021. The only reason that its price has increased is because of the constant tweets by Elon Musk. Dogecoin Flies 86% Higher As Elon Musk Tweets About It Yet Again. April 14, 2021 9:35 am. Elon Musk’s tweets on Thursday may also be the reason: Musk turned the already increase in prices of Dogecoin by posting a painting, captioning it – a ‘Doge Barking at the Moon.’And then the price of the cryptocurrency also jumped, well on its way ‘to the moon.’ The painting is ‘Dog Barking at the Moon’ by painting by Spanish painter and sculptor Joan Miró. But does Musk actually own Dogecoin himself?. However, Redditors rallied around the cryptocurrency at the same time, very likely confounding the tweet’s causal effect. Elon Musk, the CEO of Tesla and Space X is known for his support for cryptocurrency which is often expressed on his Twitter. All this added up to another pump which has still not ended. And this time around, it may be thanks to Elon Musk. It started all as a joke and ended as one, but still, the price of Dogecoin soared by 40%.