Dogecoin elon musk tweet

Last weekend the price of Dogecoin a meme-inspired cryptocurrency that was developed "in about two hours" in fell sharply after Elon Musk said on Saturday Night Live that cryptocurrency is a "hustle. Working with Doge devs to improve system transaction efficiency. Potentially promising. Naturally, his tweets have increased speculation that Dogecoin could have a future use and Coinbase reports its value shot up 18 percent, before falling again. The Tesla reveal indicated the company would look for more energy efficient options than the "insane" usage trend shown by Bitcoin, although Musk's apparent surprise at this widely known fact made the whole thing feel like a stunt. Like Bitcoin, Dogecoin relies on less efficient "proof of work" blockchain technology, and more efficient cryptocurrencies are already available, but that hasn't stopped speculators from chasing the dream of Tesla, SpaceX and Doge.

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WATCH RELATED VIDEO: Elon Musk tweet sets off Dogecoin buying frenzy

Elon Musk gives Dogecoin a boost with a tweet

In a tweet directed at the fast food chain, Musk issued a challenge that he would eat a McDonald's staple on television if the company accepted the meme-based cryptocurrency Dogecoin.

McDonald's responded by saying that the company would only do so if Musk's company Tesla would accept 'Grimacecoin,' a digital currency based on the company's character, Grimace. According to the official website , Dogecoin is a peer-to-peer digital currency that favors Internet creators.

The currency has been in existence since and is based on the popular Doge meme. Other popular fast food chains were eager to hop into the comment section of Musk's tweet with their input. Many of them argued that Musk should look to other fast food establishments to satisfy his hunger.

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When Elon Musk tweets, crypto prices move

Musk's tweet is a continuation of his explicit support for the dog-inspired meme token. The relative lack of celebrity attention for Dogecoin of late has not been good for the cryptocurrency. Looking out over the past month, absent the two Elon Musk tweets, Dogecoin has remained on a downtrend. Thus, it's not surprising to see social media platforms filled with requests from retail investors for Elon to pump up their favorite token. For bulls, having Elon Musk on team Dogecoin is a great thing. However, for those a bit more skeptical of the idea that any token can move by a double-digit percentage margin when it's used for what appears to be marginal use, there's perhaps some troubling aspects to how sensitive cryptocurrencies can be to tweets.

Cryptocurrency Dogecoin has gained an 8% boost after the tech tycoon took Twitter to explain the importance of virtual currency. Musk's comment.

Why is Elon Musk Challenging McDonald’s?

DOGE up by 6. Russian finance ministry says it may regulate crypto not ban it. The age of majoritarianism has birthed a second wave of identity politics across India. As five states are ready to go to polls At no time do the politics of identity play out more spectacularly than during an Indian election. This poll season is no different While the global crypto trading volume declined by Meanwhile Ivan Chebeskov, a director within the Ministry of Finance in Russia said that the country wishes to regulate crypto and not fully ban it. This statement comes at a time when the Central Bank of Russia told the Russian government recently that they are in favor of fully banning trading and related activities in crypto. While Bitcoin BTC continues to slide downwards these past few days, some big investors seem to be accumulating it on every dip.

Elon Musk Tweet Fires Up Dogecoin Again; Russia May Not Ban Cryptocurrencies Fully

dogecoin elon musk tweet

Several reactions followed from famous personalities in crypto, such as Michael Saylor of Microstrategy and Charles Hoskinson of Cardano. I will eat a happy meal on tv if McDonalds accepts Dogecoin. This comes weeks after Tesla announced that it was now accepting Dogecoin for its merchandise. The EV giant now allows people to buy some of its products using the popular meme coin.

Cryptocurrency Dogecoin saw some gains in its value after Elon Musk-led Tesla began accepting the altcoin for purchasing merchandise on its website, Coindesk reported. And as is the case with most official announcements from Tesla, this update came from Musk's Twitter as well.

Elon Musk urges McDonalds to accept dogecoin and promises to eat a Happy Meal in return

By Keith Griffith For Dailymail. Elon Musk has again touted DogeCoin, saying the meme cryptocurrency is 'literally' going to the moon after buying an undisclosed amount for his young son. The Tesla CEO on Wednesday morning tweeted a cartoon showing the Shiba Inu dog from the meme that inspired Dogecoin on the lunar surface, adding the remark, 'on the actual moon. Musk has been tweeting relentlessly this month promoting the 'joke' cryptocurrency, and the price of Dogecoin jumped once again after his latest salvo. Musk again tweeted about Dogecoin on Wednesday, saying it is 'literally' going to the moon.

'No highs no lows only doge': Elon Musk's tweet sends Dogecoin's stocks soaring, sparks meme fest

I will eat a happy meal on tv if McDonalds accepts Dogecoin. El Salvador made the cryptocurrency legal tender for their country in NewProfilePic pic. They wanted to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. In addition, they wanted to distance it from the controversial history of other coins. Dogecoin was officially launched on December 6, ; within the first 30 days, there were over a million visitors to Dogecoin. Despite its satirical nature, some consider it a legitimate investment prospect. Elon Musk frequently mentions or talks about Dogecoin on his Twitter account, boosting its popularity significantly in recent years.

Musk is a well-known crypto enthusiast. Earlier this month, he had tweeted that all those who want to purchase Tesla merchandise can also pay.

Elon Musk introduces his new favourite currency, netizens go crazy

Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs. Choose your reason below and click on the Report button.

Elon Musk bats for Dogecoin again; makes this offer to McDonald's

It last traded Musk has frequently talked up dogecoin, calling it his favorite digital coin and mentioning it in an appearance on NBC's "Saturday Night Live. Dogecoin was initially started as a joke by its creators Billy Markus and Jackson Palmer in It takes its branding from the Japanese shiba inu dog, which inspired the original "doge" meme. Tweets from Musk and surging interest from a wave of amateur investors fueled a speculative frenzy in the cryptocurrency earlier this year, driving its price higher. Dogecoin went from being worth just a fraction of a penny at the start of the year to notching a record-high price above 74 cents in May.

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Dogecoin surged more than 50 per cent after Elon Musk tweets

The meal comes with a toy. It was started as a satire on the numerous fraud crypto coins that had sprung up at the time, and takes its name and logo from a Shiba Inu meme that was viral several years ago. This became clear after Musk said that Dogecoin is better for transactions as compared to Bitcoin. In a recent interview with Time magazine, the Tesla and SpaceX chief said when it comes to transactions per day, Dogecoin is a way better crypto coin. At least at a space level, it is suitable as a store of value. More recently, Musk announced that Tesla will accept Dogecoin for merchandise on a test basis.

CNN Digital. Cryptocurrency dogecoin has an important fan -- Elon Musk, who has 45 million followers on Twitter and more money than any other person on the planet. The first in a series of tweets was only one word: "Doge. This isn't the first time his Twitter attention to Dogecoin has sent shares soaring.

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