Faith and fear are two sides of the same coin. Apart from calling Dogecoin his favorite asset, Elon Musk once posted a now-deleted tweet, saying “throw a dogecoin to ur witcher.” Celebrating his 2019 birthday on the 3rd of March, the Tesla CEO tweeted a picture of a Dog with the caption “Dogs rock”, depicting the Dogecoin logo. The logo itself comes from the popular ‘quizzical Shiba Inu’ meme popular back in the days. “Dogecoin is meant to be a fun cryptocurrency, one that encourages people to tip and to learn and teach this technology. What do you think it says about the crypto markets, vulnerability or longevity? Sign up for the newsletter and get lasted cryptocurrency news. It was being used by scammers and trading whales to cause a pump-and-dump on the market. BTC is an asset that appears to be attracting a lot of attention to a specific class of investors.
Address: gold Souk Mall, Sector- 43, Sushant Lok, Phase- I, Gurugram, Haryana 122002. In 2019, the Tesla CEO posted a, declaring Dogecoin as his favorite cryptocurrency. Musk, who is a huge fan of DOGE, declared his endorsement for the altcoin on March 3 through a tweet. Elon Musk Calls Dogecoin ‘My Fav Cryptocurrency’ Elon Musk has diversified his cryptocurrency. For all intents and purposes, it is purely a meme. It was founded in 2013 by Jackson Palmer and Billy Markus. According to CoinMarketCap, Dogecoin is presently trading at $0.003925. Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. It’s pretty cool. SpectroCoin is bringing crypto lending to the mainstream and supports more coins beyond ETH. It also, like every cryptocurrency, can have a maddeningly capricious nature. — Elon Musk (@elonmusk) July 19, 2020 This tweet is in response to a meme he shared yesterday, on July 17th, which shows a sandstorm engulfing a city. Formerly ranked as the 33rd largest coin on the 7th of July, Dogecoin is presently the 27the largest cryptocurrency by market cap. Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. ARBI Bot: For All Your High Frequency Triangular Arbitrage Trading! With nearly 5,000 comments, the video is catching the attention of a huge audience, and the Dogecoin price has soared 35% to $0.035 in the last five days.
The video has pulled over a million views and almost 60,000 likes. Many internet users are now searching for “how to buy Dogecoin.”. However, his tweets cannot be trusted because of his popularity for trolling on social media. At the moment of writing this article, (DOGE) is trading in the red just like most other coins and the digital asset is priced at $0.003237. Copyright © 2014 - 2020 Coinspeaker Ltd. All rights reserved.
In addition to the recent growth of the Shiba Inu meme-based cryptocurrency, google trends data has recorded a 75% increase in global search for “how to buy Dogecoin.” This recent development occurred within the first few days the TikTok video was uploaded. CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more.
Play Big, Risk Like a PRO. A former analyst at Bloomberg and co-founder of Delphi Digital, a cryptocurrency research firm, Anil Lulla said: “The recent rise of Dogecoin, a meme coin, should serve as a reminder to everyone in the space that the most popular use case for crypto is still purely speculation.”.
https://www.trustnodes.com/2020/10/19/the-ethereum-2-0-deposit-contract-launch-is-now-imminent, Cryptocurrency exchange Binance today burned $68 million worth of its cryptocurrency, Binance Coin (BNB). Find out latest Bitcoin News.
In the past, he has called himself the CEO of the Dogecoin. He holds small amounts of cryptocurrencies. has increased 1,900% in two days. Bonus for risk takers - 170 free spins +40 ETH. For all we know, Musk owns a very small amount of Bitcoin. All rights reserved. They hacked some accounts that had even a few million followers in order to spread a crypto scam. We’re working with impacted account owners and will continue to do so over the next several days. The online publication the Daily Hodl noted that “Following the tweet, Dogecoin climbed as high as $0.003835 on Saturday – nearly a 20% surge according to CoinMarketCap.”.
This is because Dogecoin is a troll itself, but is very much real.
Nevertheless, such pumps spread awareness about the cryptocurrency to new people and also engages more ‘hodlers’ and traders looking to gain from the market moves in the short or long-term. Elon Musk, just tweets about Dogecoin [DOGE] when one of the Twitter users asks about the Twitter scam. After its initial days of trolling and charitable work led by the founders, Dogecoin, like the rest of crypto, was getting exploited.
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