Elon Musk, CEO of Tesla bitcoin removed from his Twitter bio, which he added last week.
Musk then re-posted a series of tweets related to Dogecoin. Musk tweeted, ‘Doge’ and then minutes later, he wrote: “Dogecoin is the people’s crypto.”
“No highs, no lows, just Doge,” he wrote in a separate tweet.
The Musk support led to a rise in the price of Dogecoin within minutes. The currency is currently trading at around $ 0.05, according to TradingView.
Musk, the richest man in the world, has tweeted about Dogecoin several times before. Earlier this week, he said he makes “occasional” jokes about Dogecoin. ‘
“It’s actually just meant for jokes, but you know Dogecoin was made as a joke to make fun of the cryptocurrencies, of course, but fate likes irony and often says that a friend of mine is the most ironic outcome, or “I would say the most entertaining outcome and the most ironic outcome is that Dogecoin will become the currency of the earth in the future,” he said at the time.
Meanwhile, he told bitcoin at the time: “I think bitcoin is really on the verge of gaining broad acceptance through sort of conventional finance.”
According to TradingView, Bitcoin is currently trading at around 1% at around $ 37,400.
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