Also, Dogecoin with a roof in the’Musk Backboard’

“♪♪Who let the Doge out♪♪” (Who released Doji)

On the 7th (local time), the CEO of Tesla Elon Musk tweeted about this in a row, and the cryptocurrency Dogecoin recorded an all-time high.

According to Bloomberg, Doge Coin, which uses Japanese Shiba Inu as its mascot, exceeded 8 cents from 2.5 cents in a week.

According to CoinMarketCap data, Dogecoin surged 53% over the last 24 hours as of 5:45 PM Eastern Time in the United States. Dogecoin is currently the 8th largest cryptocurrency with a market value of 10 billion dollars.

Bloomberg said, “The price has recovered after Musk sent a series of tweets promoting Dogecoin over the past week.”

On the 29th of last month, Musk uploaded the image of the fake magazine’DOGUE’, which was modeled after a dog, imitating the cover of the fashion magazine’Vogue’ on his Twitter. At that time, as the talk of creating a’crypto version of GameStop’ in online communities such as Reddit, the transaction volume was increasing rapidly. Reddit users accepted Musk’s tweet as a signal to buy Dogecoin, and the value of Dogecoin jumped more than 800% during the day.

On the 4th, Musk posted a tweet calling Dogecoin “everyone’s cryptocurrency” and the price of Dogecoin soared more than 50%.

Dogecoin is a cryptocurrency created by software developer Billy Marcus in 2013. In the beginning, Marcus made a meme (photo or video imitating buzzwords and behaviors on the Internet) with photos of Shiba inu popular at the time. The name’doge’ was given by adding the letter e to the word’dog’, which means dog.

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