Elon musk dogecoin worth
The billionaire has long been a supporter of the once joke coin. Dogecoin is sinking again after the news that Tesla now accepts the cryptocurrency as payment gave it a boost. But on Monday January 17 , it lost over 6 percent of its gain. This is likely because of investors selling off their shares for a profit as they saw the coin gain. Dogecoin is a meme coin based off another meme coin. It followed on from Shiba Inu coin, which was launched in honour of the infamous 'doge' meme of the Japanese breed.
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- Dogecoin losses 20% with Elon Musk reversing course
- Dogecoin price swings after Elon Musk reveals Tesla accepts the cryptocurrency
- Elon Musk Makes McDonald’s An Offer They Can’t Refuse. Dogecoin Pumps
- Here’s why Elon Musk thinks that Dogecoin is better than Bitcoin for transactions
- Elon Musk's latest tweet almost doubles Dogecoin price in hours
- Value of Dogecoin soars after Elon Musk endorsement
- Baby Doge coin just spiked like Dogecoin
Dogecoin losses 20% with Elon Musk reversing course
Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. See Also: Dogecoin Vs. Shiba Inu. It's no secret Musk's antics related to Dogecoin on Twitter have resulted in massive price fluctuations for the meme crypto.
In a week when the broader cryptocurrency market has fallen sharply, it remains to be seen if Musk's tweeting about Dogecoin can sustain further gains in the near term. This survey was conducted by Benzinga in January and included the responses of a diverse population of adults 18 or older.
Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1, adults. Photo: Courtesy of Telenovelas Foro on Flickr. Download the mobile app now, available on iOS and Android. Click here , or sign up for our newsletter to explore more of Benzinga's Cryptocurrency market coverage, in-depth coin analysis, data, and reporting. Benzinga does not provide investment advice.
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Dogecoin price swings after Elon Musk reveals Tesla accepts the cryptocurrency
Tesla, the electric carmaker headed by billionaire Elon Musk, has started to allow people to buy brand merchandise using Dogecoin, a cryptocurrency initially started as a joke. Mr Musk announced the development on Twitter on Friday, a month after hinting of the plans. The news sent the value of Dogecoin soaring, though it fell back later. Comments by Mr Musk have frequently moved the prices of digital currencies, including Dogecoin and Bitcoin. Dogecoin, which was started in as a parody of the cryptocurrency craze, was once obscure. An investor in the token, he has dubbed it the "people's crypto" and said his space company SpaceX would accept it as payment. During an appearance on the humour show Saturday Night Live, after getting pressed to define it, he called it "a hustle".
Elon Musk Makes McDonald’s An Offer They Can’t Refuse. Dogecoin Pumps
Fred Lambert. Tesla could move even further into the world of cryptocurrency as Elon Musk teases the potential for the automaker to accept payment using a second cryptocurrency: Dogecoin. In recent weeks, Musk has gone further than simply promoting the cryptocurrency on his popular Twitter account. Based on that slogan, Musk has announced that SpaceX will literally send Dogecoin to the Moon in a satellite mission next year:. Now Musk is also discussing his other company, Tesla, getting involved in Dogecoin by accepting the cryptocurrency as payment. Some people are making a ton of money off of Elon promoting Dogecoin. FTC: We use income earning auto affiliate links.
Here’s why Elon Musk thinks that Dogecoin is better than Bitcoin for transactions
How much is a meme worth to you? Part of the reason for that fluctuation — and the sky-high prices — is Elon Musk and his appearance on Saturday Night Live. Dogecoin was created in , at a time when two new discoveries were all the rage. One was Bitcoin, the pioneering cryptocurrency that saw its price rapidly accelerate in
Elon Musk's latest tweet almost doubles Dogecoin price in hours
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Value of Dogecoin soars after Elon Musk endorsement
If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo. How Zoho and Freshworks got their SaaS sizzling with different recipes. Saregama is hitting the high notes. Can it keep investors singing to its tunes? Choose your reason below and click on the Report button. This will alert our moderators to take action.
Baby Doge coin just spiked like Dogecoin
A tweet from Elon Musk has once again had a pronounced knock-on effect on the cryptocurrency market. The Tesla CEO has previously contributed to t he price of Bitcoin slumping due to a single word comment , and caused the value of Shiba Inu Coin to jump thanks to a picture of his puppy. Even though it was created as a silly joke, Dogecoin is better suited for transactions.
The growing mystery that is cryptocurrency is beginning to attract a lot of attention across the world. One, for the relatively untouched field that is digital currency and non-fungible tokens NFTs aka marks of wealth --it is a great mystery surrounding finances and money, one of the most common gripes of our daily lives. For another, for its buying power. Since it is fairly new, its value is completely and totally up to speculation and wild swings. Most mainstream businesses do not yet accept cryptocurrency as a form of payment, although that may change in the near future.
The world's richest person has been repeatedly posting tweets in favor of Dogecoin since Jan. This amount was greater than year-old financial services and communications firm Western Union, or sports equipment manufacturer Under Armour that has been in the market for 25 years. Musk, however, took a stance against the crypto late Sunday, writing on Twitter "If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue IMO. Musk, a crypto-enthusiast, seems to have shifted his focus to the world's largest virtual coin. After writing "Bitcoin" on his Twitter profile page on Dec. The crypto market's high volatility is most evident in Dogecoin, which was initially created as a joke by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer.
We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. As Elon Musk tweets go, so goes the crypto market.
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