Elon Musk Takes to Twitter and Supports Dogecoin
  • 2 years ago
Tesla ($TSLA@US) CEO Elon Musk is no stranger to Twitter ($TWTR@US), recently asking his followers if he should sell a portion of his stake in the firm. Recently, he’s taken to Twitter to support Dogecoin in an exchange with DOGE founder Billy Markus. Markus went on Twitter and commented that the meme coin has low fees, making it superior to currencies like Bitcoin and SHIBA. In response, Musk, who, interestingly enough, owns a Shiba Inu, liked the tweet, setting the Twitter universe on fire. As a result, Dogecoin saw increased activity and a slight uptick in price. The token has been trading in the 26-cent range for some time, and it spiked after Musk’s tweet. Over the past 24 hours, Dogecoin is down 0.31% with a 24-hour high of 27 cents. Over the past week, Dogecoin has come down from just under 29 cents, fallen just below 25 cents, and has since risen back to the 26-cent realm.
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