Another tweet from Tesla maverick Elon Musk has pumped the price of Dogecoin by a whopping 15 percent. As the following tweet shows, Musk revealed that he had “bought some Dogecoin for lil X, so he can be a toddler hodler”.
Bought some Dogecoin for lil X, so he can be a toddler hodler
— Elon Musk (@elonmusk) February 10, 2021
Following the revelation, Dogecoin skyrocketed from $0.069 to $0.08. Currently, the coin sits at $.0.072, “anxiously waiting” for Musk’s next tweet.
Elon Musk has continued to tweet about crypto since having a little chat with MicroStrategy CEO Michael Saylor a few months ago. Ever since then, he has resorted to constantly rant about Dogecoin, and even declared himself its CEO at one point. While he’s clarified from time to time that his Dogecoin antics are nothing more than avid banter, he’s also outed himself as a true Bitcoin believer.
Be that as it may, Musk’s Dogecoin tweets work like magic for the coin, which has risen by 753 percent in little over a month according to statistics from CoinMarketCap.
It’s worth mentioning that in the past week, celebrities including Gene Simmons and Snoop Dogg also promoted the coin. As usual, Musk made the most of it.
So … it’s finally come to this … pic.twitter.com/Gf0Rg2QOaF
— Elon Musk (@elonmusk) February 7, 2021
Dogecoin was originally created by developers Billy Markus and Jackson Palmer in 2013 to poke fun at Bitcoin. Who would’ve thought that some 8 years later, a coin that was created as a joke could be in serious contention for a potential bull run in a world enshrouded by uncertainty?