Elon Musk's Tweet Just Pushed Dogecoin Market Cap to $3 billion higher, on Wednesday, April 28 Dogecoin price surged over 23% on crypto exchange Binance shortly after another supportive tweet by Tesla CEO Elon Musk.
Messari's senior research analyst Mira Christanto had this about the effect of Musk's tweet on the Dogecoin price:
1 Elon tweet created $3 billion in $DOGE market cap. $DOGE isn't about crypto. It's a bet on social media & the populist movement. https://t.co/cCkLlZWuot pic.twitter.com/zGzkp0qT4u
— Mira Christanto (@asiahodl) April 28, 2021
As usual, Elon Musk has continued to push his weight in support to promote Dogecoin follow by another billionaire Dallas Mavericks majority owner Mark Cuban who has been promoting Dogecoin recently on his Twitter handle and during interviews.
The Tesla and SpaceX CEO, who seems to be Dogecoin's biggest fan, is referring in his tweet to his upcoming (May 8) appearance as the guest host of American late-night live television sketch comedy and variety show Saturday Night Live (SNL)
The Dogefather
— Elon Musk (@elonmusk) April 28, 2021
SNL May 8
Like Musk, the billionaire investor and entrepreneur Mark Cuban also talked about Dogecoin during an interview on "The Ellen DeGeneres Show", where he said that although Dogecoin had started as a "cryptocurrency joke", it is now "becoming a "digital currency".
Today, @MCuban taught me about #Dogecoin. I'm still not sure I understand it or know how to pronounce it, but it sure is fun to say. pic.twitter.com/QsljsPAMky
— Ellen DeGeneres (@TheEllenShow) April 27, 2021
However, many people are now showing interest in Dogecoin recently just as Anthony Sassano said, who is the Product Marketing Manager at Set Labs, Co-Founder of ETH Hub, and the Co-host of the "into the Ether" podcast.
People are selling BTC and ETH to buy DOGE again pic.twitter.com/o5MzVGq7pv
— Anthony Sassano Ξ 🦇🔊 (@sassal0x) April 28, 2021
Currently, the Dogecoin price is around $0.3124 as of the time of writing this post, which means it is up by 14.37% in the past 24 hour period.
The views and opinions expressed by the author, or people mentioned in this article are for informational purposes only, and not financial, investment advice. readers are advised to do their findings because investing or trading in cryptocurrencies comes with a risk of financial loss.
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