About a week ago, the cryptocurrency Dogecoin (DOGE) caused a stir. After a video on TikToko went viral in which users were asked to invest in the cryptocurrency in order to possibly make a lot of money, the DOGE course rose enormously. But a short time later the course fell again. Now none other than Elon Musk ensures a renewed increase.
Elon Musk as a former Dogecoin CEO
No, this time it's not a hacker attack when celebrities twitter about cryptocurrencies. The Tesla CEO and former Dogecoin CEO Elon Musk tweeted about the meme cryptocurrency yesterday. Just a few days after a video about DOGE on the social media platform TikTok went viral and caused a price increase of more than 100%.
The Tesla CEO writes on Twitter "It cannot be avoided."and posts a picture. You can see the head of the famous Dogecoin dog, which becomes the new standard as a sandstorm and takes over the global financial system. Dogecoin the standard:
It's inevitable pic.twitter.com/eBKnQm6QyF
- Elon Musk (@elonmusk) July 18th, 2020
The cryptocurrency rate immediately responded to Elon Musk's tweet. Within 24 hours, the DOGE course rose by 16%.
Elon Musk 's Twitter account also fell victim to Twitter attack and used by the hacker to post a tweet with its fraudulent Bitcoin address. A user asked Elon Musk when he would finally receive his bitcoins. The Tesla CEO answers:
Sorry, I'm only selling DOGE!
In the past, Elon Musk has often been a fan of the DOGE cryptocurrency and even referred to himself as Dogecoin CEO on Twitter. Dogecoin is a digital currency whose name is based on the famous DOGE meme. The currency is primarily used as a means of payment in forums or for private transactions. What was originally intended to be fun is now one of the 30 largest cryptocurrencies in the world.
Bitcoin price remains stable
While many are celebrating the old season in which alternative cryptocurrencies can see daily price increases, Bitcoin (BTC) is still feeling stablecoin. Except for small, short-term outliers up or down, not much has changed in the Bitcoin course in the past few weeks.
As the following chart shows, the Bitcoin price has fluctuated between $ 9,050 USD and $ 9,400 USD in the past few weeks:
One reason for this could be the old season just mentioned in combination with the current DeFi hype. The largely enormous price increases are currently proving to be significantly more exciting for investors and invest less in Bitcoin.
Markus from Kryptokumpel.de
Photo credit: pixabay.com | CC0