Dogecoin 16% in Musk Tweet ↑… 10 times higher in the last ten days
Twitter post capture
Elon Musk, CEO of Tesla, an American electric vehicle company, is shaking the market with messages about virtual currency one after another.
Musk wrote on Twitter on the 10th (local time) that “I bought Dogecoin for Little X.”
Business Insider, an economic media outlet, said that X stands for Musk’s nine-month-old son’X Æ A-Xii’ (X Ash A. Twelve).
The media reported, “After Musk’s tweet, Dogecoin surged 16%, soaring from $0.069 to $0.08 each.”
Following the recent announcement that Tesla had purchased 1.7 trillion won worth of bitcoin and raised the price of bitcoin, Musk publicly disclosed the purchase of Dogecoin and triggered another price surge.
Musk Twitter Capture
Dogecoin is a virtual currency created in 2013 by software developers Billy Marcus and Jackson Palmer for fun.
They adopted the Japanese Shiba Inu, which was popular as the subject of Internet memes (memes (photos and videos popular on the Internet) at the time), as the mascot of this currency, and the currency name is’Doji Coin’ as it is named’Doji’, which means Shiba Inu meme. Said.
Dogecoin once gained a sparkle after its development and soon became one of the miscellaneous cryptocurrencies, but it has recently become a hot item due to the power of American ants and musk effect.
Dogecoin emerged as a virtual currency worth investing among members of the online community’Reddit’, a symbol of the US ant army, and Musk’s support fire soon followed.
Musk stood on the side of ants who fought with short-selling investors at the time of the GameStop crisis, and also enthusiastically sent Reddit members by sending a tweet of cheering for Dogecoin in the manner of “half joke and half serious”.
Musk posted a meme on Twitter that depicted him lifting Shiba Inu, the mascot of Dogecoin, or a “Dogue” meme that parodyed fashion magazine Vogue.
They also tweeted “Dojicoin is a cryptocurrency of the general public” and “Neither high nor low, only Doji.
Every time Musk posted a tweet or memes about Dogecoin, the price soared.
Musk Twitter Capture
Dogecoin, which was only $0.007 to $0.009 until recently, has increased by about 10 times in just 10 days thanks to the Musk tweet effect.
On the other hand, Musk gave his son the same name as a password, as it fits the nickname’Geek CEO’.
According to the Musk couple, X is unknown, Æ is artificial intelligence (AI), and A-Xii is the predecessor of the US aircraft SR-17, and collectively read’X Ash A. Twelve’.
Musk also released a video of his son playing at home after posting a tweet that he bought Dogecoin for his son.
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