Elon musk elon coin

The first week of was really quite bad. Week two showed some promise. In the third week, Bitcoin and Ethereum crashed to their lowest prices since last summer. The past week has looked like the start of a full recovery, but you can never be sure with crypto. Thank goodness then for Crypto Twitter , an endless source of diversion. Read on to find out how many pots they stirred this week.

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What is dogecoin? And why is it rising and falling with Elon Musk?

The joke cypto, referencing their purple mascot shaped like a tastebud, parodied an earlier request by Elon Musk during a light-hearted Twitter exchange. Just hours later, the tweet had spurred the creation of nearly 10 grimacecoins on the Binance Smart Chain BSC network alone.

His comment came after McDonald's first tweeted on Monday: "How are you doing people who run crypto Twitter accounts? Dogecoin, which was initially started as a joke in , is currently in the top 10 by market value for cryptocurrencies.

It's one of several reasons why cryptocurrencies are high-risk investments, so it's important to only invest what you can afford to lose if anything. Some products and cryptocurrency services can be very complex, and you should only put cash into things you understand. Also, keep in mind that cryptocurrency firms aren't regulated like other financial companies. Earlier in January, Mr Musk also announced that Tesla customers can now buy select items of merchandise using Dogecoin.

It's almost impossible to predict whether Dogecoin's price will fall or rise this year as cryptocurrencies are so volatile. The market is unpredictable as it is affected by a number of factors, including regulatory crackdowns and comments by high-profile individuals. But that doesn't stop some crypto fans from forecasting what they think will happen to Dogecoin's price.

Email us at exclusive the-sun. Like us on Facebook at www. Jump directly to the content. Sign in. All Football. Most read in World News. Consumer protection : Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements. Price volatility : Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.

Product complexity : The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks.

There is no guarantee that cryptoassets can be converted back into cash. Converting a cryptoasset back to cash depends on demand and supply existing in the market.

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Dogecoin jumps after Musk tweets Tesla merchandise 'buyable' with the token

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. The news: Musk said on Twitter Friday morning that Tesla merchandise can be purchased with Dogecoin, the meme-based cryptocurrency that went viral in Flashback: Musk has made headlines about Dogecoin by praising the cryptocurrency. He once released a poll that asked if Tesla should accept Dogecoin for people to buy Tesla products. There were more than 3.

Tesla Inc merchandise can be bought using the digital currency dogecoin, the electric-car maker's Chief Executive Officer Elon Musk said in a.

Elon Musk owns only three cryptocurrencies, and one of them is Dogecoin

Musk, known for his cryptocurrency endorsements, had in October, reiterated his holdings which are limited to Bitcoin , Ethereum and Dogecoin. He closely watches the cryptocurrency space and tweets his observations regularly. In an interview with Time , the Tesla and SpaceX chief said when it comes to transactions per day, Dogecoin is a better currency. At least at a space level, it is suitable as a store of value. The entrepreneur, who overtook Amazon founder Jeff Bezos this year to become the world's wealthiest person, said while Dogecoin could be inflationary, at least it is a fixed number as opposed to Bitcoin. Naming Musk as its person of the year , Time cited his embodiment of the technological shifts but also troubling trends reshaping people's lives. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol. Presenting Partner. Technology Partner.

Elon Musk pumps Dogecoin with yet another tweet, token surges 25%

elon musk elon coin

The Tesla chief executive made the announcement with seemingly no provocation, but Mr Musk has a history of promoting the meme-based cryptocurrency. Mr Musk had tweeted about the digital coin approximately two weeks earlier, saying that some Tesla merchandise was purchasable with the cryptocurrency. The items included are belt buckle themed around its Texas plant, and a whistle. Last year, Mr Musk had repeatedly inflated the price of the digital coin by tweeting messages about it. At times, Mr Musk has been able to move the value of the coin ten per cent with a single tweet.

It is Doge and Dogefather Elon Musk again!

Elon Musk, McDonald's fun-intended Twitter tittle-tattle pushes GrimaceCoin to jump 6000%

The Indicator NPR hide caption. Stacey Vanek Smith. Cardiff Garcia. The last couple weeks have been dominated by the story of online amateur investors who have been swarming around the market in search of so-called "meme stocks" like GameStop and AMC. But many of those investors now seem to have also set their sites on a meme currency. We are talking, of course, about Dogecoin!

Tesla now lets you buy some merch in Dogecoin

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 The year is coming to an end but the falling prices of cryptocurrencies are not. Tesla CEO Elon Musk, in a recent podcast, said that he does not yet fully understand Ethereum blockchain-based smart contracts. Smart contracts are contracts that have the capability to self-execute themselves when certain pre-programmed conditions are met. The market moves in its own rhythm which is clearer now more than ever.

An apparent Twitter joke between Elon Musk and MacDonald's has given rise to a series of meme coins that many worry could lead to major.

Elon Musk Warns Cryptocurrency Investors To Be Cautious Ahead Of ‘SNL’ Appearance

There used to be a time when cryptocurrency world was still new and the hows and whys of crypto were still unknown to people. That is perhaps what led to only a few cryptos being sold around in the market. However, as the sector keeps growing so does the knowledge around it and the people interested in making a quick buck out of it.

The parody coin quickly gained a substantial level of popularity, but its mainstream breakthrough happed only in Lee, who infamously sold his Litecoin stash right on the verge of the big crash in early and faced insider trading accusations, says that Bitcoin is currently his biggest holding. Litecoin, one of the oldest altcoins, is a fork of the Bitcoin blockchain that appeared all the way back in The O.

Where to Watch.

While Elon Musk has historically influenced cryptocurrency markets , his power seems to be waning as investors start prioritizing fundamentals over baseless hype. Let's explore why Elon Musk can't stop Dogecoin's relentless crash. But Dogecoin's trouble started much sooner than that. Dogecoin is no longer the only meme coin in town. And Musk's attempts to promote it have spawned another generation of copycat assets carefully designed to imitate its branding the Shiba Inu breed of dog and benefit from Musk-related hype. Shiba Inu also offers expanded functionality compared to Dogecoin. And as an Ethereum -based asset, it is programmable, with developers claiming to be working on a metaverse concept called Shiberse to offer an "immersive experience" for its users.

Elon Musk and his tweets have time and again affected the cryptocurrency markets and it's not something new. Every time the Tesla CEO tweets about a certain currency, the market reacts to it in extremes. Now, this is not the first time Musk has promoted Dogecoin, he has been doing it for a long time and the currency itself has seen quite a few highs and lows because of this.

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  1. Palt E.

    Bravo, what necessary words..., a brilliant idea