The price of dogecoin climbed to an intraday high above 56 cents in early morning trade, according to Coin Metrics data. Elon Musk tweeted that he was working with dogecoin developers to improve the efficiency of transactions. The cryptocurrency, which was conceived as a joke in 2013, rose over 30% on Friday morning following Musk's tweet. Immediately after Musk’s tweet Thursday, dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) - Sharp Bounceback After Another Elon Musk Tweet 2021-05-15 04:00:00 Nick Cawley , Strategist Bitcoin … The Dogecoin saga with Elon Musk is one that continues giving. … Copyright © 2021 MarketWatch, Inc. All rights reserved. About 80% of the nearly 4 million votes cast said “yes.”. https://finance.yahoo.com/video/elon-musk-tweet-sends-dogecoin-154108119.html At 11:24BST, Musk’s poll on Twitter has almost 1.5 million respondents with over three quarters saying ‘Yes’. 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. 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." You can follow him on Twitter @jowens510. Dogecoin went up by about 30% in the past 24 hours following Elon Musk tweet. 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 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.”. 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. 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. 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. 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. The … It has stoked worries over a potential bubble in crypto markets — though some economists would say all cryptocurrencies are in a bubble. It’s up 31.7% in the last 24 hours. 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. It's still down about 20% from a record high of nearly 67 cents only a week ago. — 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," Elon Musk said on Twitter, vaulting dogecoin from about $0.43 to $0.52 on the Binance exchange. 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 … As of 10:30 a.m., dogecoin was up 39.4% at 54 cents per coin, on track for its best day since Apr. 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. Ether, the second-biggest cryptocurrency, rose 10.3%, to $4,052. © 2021 CNBC LLC. Reuters. Musk went as far as imploring Dogecoin whales to sell off their stake in Doge to help the cryptocurrency gain … Immediately after Musk’s tweet Thursday, dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Elon Musk Has Helped Dogecoin Soar, but Does the Tesla CEO Own Any? 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. The tweet came right around when Dogecoin reached a new all-time high of slightly more than 14 cents. Dogecoin takes an upward jolt as Elon Musk draws attention to the currency yet again. World Reuters Updated: May 14, 2021 8:42 am IST See also: Dogecoin is coming to crypto platform Coinbase in 2 months, says CEO. Dogecoin was further up by almost 8 per cent on Thursday morning. 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. Yuriko Nakao | Getty Images News | Getty Images, Fintech.tv co-founder Kavita Gupta on her long-term outlook on crypto. -0.60% Immediately after Musk’s tweet, Doge mellowed to a downright chilly $0.13 then shot back up this morning to over $0.18. Sign up for free newsletters and get more CNBC delivered to your inbox. A tweet featuring The Kid Laroi, Elon Musk and Miley Cyrus appears to contain a reference to dogecoin. Elon Musk is hyping up Dogecoin (CCC: DOGE-USD) again on Friday with a Tweet talking about the crypto. “Potentially promising.”. 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. Jeremy Owens is MarketWatch’s technology editor and San Francisco bureau chief. That led to a brutal sell-off in cryptocurrencies, including dogecoin. 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. This tweet seems to be the first time Musk discussed Dogecoin on Twitter. Get this delivered to your inbox, and more info about our products and services. 16 2021, Updated 4:54 p.m. While bitcoin has been seen as a potential payments option since its inception, dogecoin was largely conceived as a joke. — Elon Musk (@elonmusk) May 13, 2021 Naturally, his tweets have increased speculation that Dogecoin could have a future use and Coinbase reports its … 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. The tweet sparked a … 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. It started in 2013 as a joke, inspired by the "Doge" meme, but has since found a growing community online. “Working with Doge devs to improve system transaction efficiency,” the Tesla and SpaceX founder wrote. “Working with Doge devs to improve system transaction … Dogecoin Dogecoin jumped last night after Elon Musk posted a tweet mentioning the currency. 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. 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 Financial experts warn that dogecoin is a highly speculative asset. Source:Supplied Dogecoin is now the fifth largest cryptocurrency by market cap. -7.31% SpaceX founder Elon Musk on Sunday marked his company’s “Doge-1 Mission to the Moon” by sharing the "official" Dogecoin song on Twitter. Musk tweeted Thursday that he was working with dogecoin developers to improve the efficiency of transactions. Bitcoin was also higher Friday, with the world's biggest digital asset up 3.7% at a price of $50,695. 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. 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. BTCUSD, May 11, 2021 7:39pm Data is a real-time snapshot *Data is delayed at least 15 minutes. Dogecoin soared Friday after a tweet from supporter Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency. Dogecoin Jumps on Musk Tweet . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. By Dan Clarendon. 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. SPX, We want to hear from you. “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. — 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. Got a confidential news tip? 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. Tesla’s prices immediately shot higher, after bitcoin Dogecoin is now the fourth-largest crypto by market value on CoinMarketCap, worth over $68 billion. 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. All Rights Reserved. “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. TSLA, 16. DOGEUSD, Last year Rogan moved his podcast exclusively to Spotify in a $100 million deal. 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. Dogecoin isn't taken very seriously by loyal bitcoin supporters. A Division of NBCUniversal. The proposal immediately gained overwhelming support from … has gained 9.5%. 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. Crypto exchange Coinbase said it would offer dogecoin support in the next six to eight weeks. 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? Elon Musk tweeted that he was working with dogecoin developers to improve the efficiency of transactions. -2.92% As of Thursday night, dogecoin was up 20% since Musk’s tweet, to about 47 cents, according to Kraken data. -18.79% Apr. Dogecoin's price soared as high as 56 cents early Friday, according to Coin Metrics data. 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. took a large hit in the wake of Wednesday’s announcement. Tesla stock was up a tick in after-hours trading, after falling 3.1% to $571.69 in regular trading. ET Dogecoin had already fallen significantly after Musk's appearance on Saturday Night Live, in which he called the digital coin a "hustle.". But also : As of Thursday night, dogecoin was up 20% since Musk’s tweet, to … As the popularity of Dogecoin surged, the coin made an all-time high of 45 cents. It was trading at $0.53, having reached as high as $0.56. Meanwhile, crypto exchange platform Coinbase said Thursday it would offer dogecoin support in the next six to eight weeks. But after that, the prices have consolidated a bit … Elon Musk's tweet spree on Dogecoin continued on Wednesday after he said he bought some of the meme-based token for his son.
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