Tuesday, April 16, 2024

Elon Musk Tweet Again Drive the Dogecoin to Record High

Dogecoin is successfully surging after Elon Musk, the richest man on the earth and some other celebrities appeared by tweeting regarding this cryptocurrency on Twitter.

Dogecoin market value has been boosted by over $10 billion by making it the top 10 digital coins on the ranking of the CoinMarketCap.

In only 24 hours it has reached to intraday peak with a trading volume in its Dogecoin that has reached to around $16.9 billion.

However, the retail investors have also pumped up the price of Dogecoin recently by taking the cue from one and only Musk.

Elon Musk, the CEO of Tesla has tweeted regarding Dogecoin multiple times over many years. Moreover recently he has posted a picture from a fictional magazine “Dogue” that is a play on fashion title “Vogue” that has led it to 800% surge in the prices of Dogecoin.

Mehjabeen Qasim
Mehjabeen Qasimhttps://startuppakistan.com.pk/
Business Journalist at Startup Pakistan

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