Got a confidential news tip? On Jan. 28, Tesla (NASDAQ: TSLA) CEO Elon Musk tweeted the first of many posts referencing Dogecoin — a photoshopped issue of “Dogue” magazine with Cinza the Whippet on the cover. Dogecoin's price soared as high as 56 cents early Friday, according to Coin Metrics data. Dogecoin takes an upward jolt as Elon Musk draws attention to the currency yet again. As of Thursday night, dogecoin was up 20% since Musk’s tweet, to about 47 cents, according to Kraken data. “Working with Doge devs to improve system transaction … Tesla’s Source:Supplied Dogecoin is now the fifth largest cryptocurrency by market cap. Shares closed below Tesla’s 200-day moving average Thursday for the first time in more than a year, and have now declined 19% so far in 2021, as the S&P 500 index Tesla chief Elon Musk referred to himself as Dogefather in a cryptic tweet on Wednesday, leading to a 30 per cent hike, cryptocurrency’s highest in past 10 days. DOGECOIN has been dubbed 'invaluable' by an expert as cryptocurrencies continue to see a surge in interest despite a slump in Bitcoin's price following a tweet from Elon Musk. -7.31% Immediately after Musk’s tweet Thursday, dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Bitcoin was also higher Friday, with the world's biggest digital asset up 3.7% at a price of $50,695. ET A day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, dogecoin, could be turned into a suitable replacement. Dogecoin was further up by almost 8 per cent on Thursday morning. Dogecoin jumped last night after Elon Musk posted a tweet mentioning the currency. About 80% of the nearly 4 million votes cast said “yes.”. That led to a brutal sell-off in cryptocurrencies, including dogecoin. Its price has reached … — Elon Musk (@elonmusk) December 20, 2020 The tweet sent shares of Dogecoin up nearly 20% and landed it on the list of trending Twitter topics. Dogecoin Co-Creator Takes Swipe At Elon Musk, Calls Him ‘Grifter’, But Deletes The Tweet Later Twitter users widely shared a screenshot of Palmer’s deleted tweet about Elon Musk. SpaceX founder Elon Musk on Sunday marked his company’s “Doge-1 Mission to the Moon” by sharing the "official" Dogecoin song on Twitter. The tweet sparked a … Copyright © 2021 MarketWatch, Inc. All rights reserved. Last year Rogan moved his podcast exclusively to Spotify in a $100 million deal. Bitcoin declined from about $54,500 a coin to less than $50,000 in the 24 hours after Musk’s announcement of Tesla’s move. Musk clarified his comments Thursday, tweeting “I strongly believe in crypto, but it can’t drive a massive increase in fossil fuel use, especially coal.”, Earlier this week, Musk posted a poll on Twitter asking if Tesla should accept dogecoin as payment. Tesla stock was up a tick in after-hours trading, after falling 3.1% to $571.69 in regular trading. took a large hit in the wake of Wednesday’s announcement. Elon Musk has been known to tweet frequently about the meme coin, with his series of tweet about the coin having an impact on the price action of the coin. As of Thursday night, dogecoin was up 20% since Musk’s tweet, to … Dogecoin went up by about 30% in the past 24 hours following Elon Musk tweet. Dogecoin had already fallen significantly after Musk's appearance on Saturday Night Live, in which he called the digital coin a "hustle.". “Working with Doge devs to improve system transaction efficiency,” the Tesla and SpaceX founder wrote. has gained 9.5%. — Elon Musk (@elonmusk) May 13, 2021 Naturally, his tweets have increased speculation that Dogecoin could have a future use and Coinbase reports its … The market also seems to continually be swayed by the hot takes from the cryptocurrency community, and with Elon Musk responding to critics back to back, giving little to no room for critics to create misconceptions, it becomes easier to see where the Billionaire is coming from. Jeremy Owens is MarketWatch’s technology editor and San Francisco bureau chief. BTCUSD, -0.60% -2.92% Ether, the second-biggest cryptocurrency, rose 10.3%, to $4,052. -18.79% But also : Dogecoin creator Jackson Palmer slammed Elon Musk via Twitter on Thursday 'Reminder: Elon Musk is and always will be a self-absorbed grifter,' he wrote; In a second tweet … “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” he tweeted Wednesday. Sign up for free newsletters and get more CNBC delivered to your inbox. Meanwhile, crypto exchange platform Coinbase said Thursday it would offer dogecoin support in the next six to eight weeks. Musk said Thursday that he is working with Dogecoin, which was a potential hint that he is working with Dogecoin to make sure it could be used to buy Tesla vehicles, according to MarketWatch. https://finance.yahoo.com/video/elon-musk-tweet-sends-dogecoin-154108119.html The proposal immediately gained overwhelming support from … Dogecoin prices rebounded Tuesday morning after Tesla CEO Elon Musk asked his nearly 54 million Twitter followers if they want his car company to "accept Doge." Elon Musk tweeted that he was working with dogecoin developers to improve the efficiency of transactions. Apr. Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) - Sharp Bounceback After Another Elon Musk Tweet 2021-05-15 04:00:00 Nick Cawley , Strategist Bitcoin … A tweet from Elon Musk saying that his SpaceX company would accept dogecoin (DOGE-USD) to fund a lunar mission next year failed to spur the price of the cryptocurrency on Monday. Many crypto traders have flocked to the zero-fee investing app Robinhood to trade the meme coin; now Coinbase's move could lead to more trading activity. DOGEUSD, 16 2021, Updated 4:54 p.m. Continuing to prove his supremacy as the “Dogefather,” Elon Musk‘s latest tweet regarding Dogecoin once again caused the price of the cryptocurrency to soar. Elon Musk's tweet spree on Dogecoin continued on Wednesday after he said he bought some of the meme-based token for his son. It's still down about 20% from a record high of nearly 67 cents only a week ago. Within days of the announcement that Elon Musk was hosting SNL, Dogecoin prices started to spike, hitting an all-time high of 50 cents a coin within days of the announcement. Elon Musk tweeted that he was working with dogecoin developers to improve the efficiency of transactions. It has stoked worries over a potential bubble in crypto markets — though some economists would say all cryptocurrencies are in a bubble. Tesla CEO Elon Musk caused the price of Dogecoin to rise in price because of a simple tweet.. What did Elon Musk say about Dogecoin? … Crypto exchange Coinbase said it would offer dogecoin support in the next six to eight weeks. Potentially promising," Elon Musk said on Twitter, vaulting dogecoin from about $0.43 to $0.52 on the Binance exchange. It was trading at $0.53, having reached as high as $0.56. Musk went as far as imploring Dogecoin whales to sell off their stake in Doge to help the cryptocurrency gain … A Division of NBCUniversal. A tweet featuring The Kid Laroi, Elon Musk and Miley Cyrus appears to contain a reference to dogecoin. Yuriko Nakao | Getty Images News | Getty Images, Fintech.tv co-founder Kavita Gupta on her long-term outlook on crypto. Elon Musk is hyping up Dogecoin (CCC: DOGE-USD) again on Friday with a Tweet talking about the crypto. prices immediately shot higher, after bitcoin On Wednesday, the Tesla CEO made a surprise announcement that his electric car firm would stop accepting bitcoin as payment due to concerns over its environmental impact. Financial experts warn that dogecoin is a highly speculative asset. It’s up 31.7% in the last 24 hours. See also: Dogecoin is coming to crypto platform Coinbase in 2 months, says CEO. This tweet seems to be the first time Musk discussed Dogecoin on Twitter. The Dogecoin saga with Elon Musk is one that continues giving. Dogecoin isn't taken very seriously by loyal bitcoin supporters. The price of dogecoin climbed to an intraday high above 56 cents in early morning trade, according to Coin Metrics data. Last week, Bank of England Governor Andrew Bailey warned crypto investors should be "prepared to lose all your money," echoing a similar warning from the U.K.'s Financial Conduct Authority. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. But after that, the prices have consolidated a bit … © 2021 CNBC LLC. — Elon Musk (@elonmusk) April 15, 2021 This isn't the first time Musk's tweets have raised the value of Dogecoin, which started as an internet parody more than seven years ago. Elon Musk is back with his weekly dose of Doge tweet that pushes the price every time, and this time, it’s a reference to The Godfather. Get this delivered to your inbox, and more info about our products and services. As of 10:30 a.m., dogecoin was up 39.4% at 54 cents per coin, on track for its best day since Apr. “Working with Doge devs to improve system transaction efficiency,” Musk tweeted. Elon Musk has asked his Twitter followers whether Tesla should start accepting Dogecoin in payment for its vehicles. — Elon Musk (@elonmusk) April 15, 2021 Mr Musk continued tweets on the cryptocurrency seem to be doing the trick as Dogecoin recorded a 68 % jump on Wednesday, according to … “Potentially promising.”. The … Elon Musk tweet about Dogecoin cryptocurrency sparks a frenzy The Tesla founder is teasing his followers and attempting to keep the conversation around Dogecoin alive as cryptocurrencies trend down. The tweet came right around when Dogecoin reached a new all-time high of slightly more than 14 cents. Reuters. We want to hear from you. The cryptocurrency, which was conceived as a joke in 2013, rose over 30% on Friday morning following Musk's tweet. SPX, World Reuters Updated: May 14, 2021 8:42 am IST As the popularity of Dogecoin surged, the coin made an all-time high of 45 cents. Musk tweeted Thursday that he was working with dogecoin developers to improve the efficiency of transactions. Immediately after Musk’s tweet, Doge mellowed to a downright chilly $0.13 then shot back up this morning to over $0.18. All Rights Reserved. took a large hit in the wake of Wednesday’s announcement, Dogecoin is coming to crypto platform Coinbase in 2 months, says CEO, Shares closed below Tesla’s 200-day moving average Thursday for the first time in more than a year, Joe Rogan says ‘straight white men’ are being silenced by ‘woke’ culture, Kia is recalling over 440,000 vehicles because their engines can catch fire — even when not running, Actor Charles Grodin, who starred in ‘The Heartbreak Kid’ and ‘Midnight Run,’ dies at age 86, Why bitcoin’s bust and the ‘crypto cult’ threatens all investors, Dow off nearly 300 points, gives up May gains, after ECB warns of asset bubbles and investors await Fed minutes, 3.6 million Americans will lose pandemic unemployment benefits — here are the states where it’s happening, Why a collapse in bitcoin won't kill blockchain, Bitcoin’s 40% crash ‘does feel like capitulation,’ says crypto specialist, but here’s where the next crucial support level stands. Dogecoin Jumps on Musk Tweet . purchase of $1.5 billion in bitcoin and acceptance of the cryptocurrency as a payment option was seen at the time as a sign of growing institutional acceptance of crypto. Dogecoin By Dan Clarendon. Elon Musk Has Helped Dogecoin Soar, but Does the Tesla CEO Own Any? Musk did say that Tesla would not sell any of the bitcoin owned by Tesla currently, and would use it again “as soon as mining transitions to more sustainable energy.” In the meantime, he said Tesla will look at other cyrptocurrencies that use less energy to mine. Following the tweet, the price of Dogecoin jumped from around $0.46 to above $0.52.. Musk has been a big proponent of the meme-based cryptocurrency and the recent run up in price came ahead of Musk’s weekend appearance on Saturday Night Live. Immediately after Musk’s tweet Thursday, dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Dogecoin is now the fourth-largest crypto by market value on CoinMarketCap, worth over $68 billion. You can follow him on Twitter @jowens510. The crypto has seen a stunning increase, however, since Musk adopted it as a meme and began tweeting about it earlier this year, including strong gains last week before the billionaire’s guest-hosting appearance on “Saturday Night Live.”. While bitcoin has been seen as a potential payments option since its inception, dogecoin was largely conceived as a joke. May 11, 2021 7:39pm TSLA, Data is a real-time snapshot *Data is delayed at least 15 minutes. At 11:24BST, Musk’s poll on Twitter has almost 1.5 million respondents with over three quarters saying ‘Yes’. Dogecoin soared Friday after a tweet from supporter Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency. It started in 2013 as a joke, inspired by the "Doge" meme, but has since found a growing community online. 16.

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