* Our Parent Company Crypto Token is GOING LIVE!!! *Flag Token

Dogecoin, Popular Memecoin, Rallies On Elon Musk Twitter News

Date:

Share post:

Elon Musk finally purchased Twitter (TWTR) and news of the $44 billion buyout sent Dogecoin flying this week. The popular memecoin rallied 35% as Musk — the self-proclaimed “Dogefather” — repeatedly touted the crypto and engaged with its community of users.




X



The cryptocurrency was created on a lark in 2014, without any serious intent behind the project. However it gained popularity through its community’s widespread memes online. The price skyrocketed last year along with the craze of meme stock investments but subsequently crashed because it has very little utility. And the developers haven’t made any major changes since 2015, according to crypto analytics site CoinGecko.

Still, Elon Musk has had a love affair with DOGE, promoting it in tweets and sharing various related memes in the past. His Tesla (TSLA), SpaceX and Boring Company all accept Dogecoin as payment for merchandise. And he even named SpaceX’s 2022 moon mission DOGE-1.

Musk’s tweets and announcements have caused price swings in the past. He even mulled using Dogecoin as payment for a subscription or…

Read more…

Related articles

What is Klayton Blockchain & Why Toon Finance is Better Choice – CryptoMode

The Klaytn network has taken a big hit today, as the price of KLAY tokens has tumbled following...

Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K – Markets and Prices Bitcoin News

Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse...

ATP Finals 2022 full schedule, results, TV channel and live stream as Novak Djokovic reaches final, Rafael Nadal bows out in Turin

Novak Djokovic will meet Casper Ruud in the final of the 2022 ATP Finals after being taken to...

Top 3 Hottest NFT Mints for November 2022 Blackfriday Cryptocurrency

What are NFTs and How Do They Work? You may have heard about a new craze sweeping the internet...