Dogecoin rose by 10% after Elon Musk’s tweet
The price of DOGE jumped from $0,10 to $0,12
14.03.2022 - 11:00
347
2 min
0
What’s new? The price of the meme cryptocurrency Dogecoin (DOGE) rose by 10% after Tesla and SpaceX CEO Elon Musk stated on Twitter that he is not going to sell his crypto assets. The businessman said that he owns BTC and ETH in addition to Dogecoin.
What else did Elon Musk post? Musk also asked Twitter users what they think about the likely rate of inflation over the next few years. MicroStrategy CEO Mike Saylor answered the question, saying that the US dollar consumer inflation will remain close to historic highs and asset inflation will double the rate of growth in consumer inflation. The weaker currencies will collapse and there will be an increased outflow of cash, debt, and undervalued stocks into scarce assets such as bitcoin.
What preceded it? Elon Musk has previously posted about DOGE on Twitter. In December 2021, he mentioned Dogecoin, stating that it is better for everyday payments than BTC. And in January of this year, he suggested McDonald’s accept Dogecoin.
Useful material?
Telegram 
Twitter Market
It is no longer possible to issue additional coins after this action
Dec 1, 2023
Crypto regulations
One such company is Tether, registered in the British Virgin Islands
Nov 30, 2023
Incidents
Funds from the largest hacks of crypto projects have passed through the service
Nov 30, 2023
Crypto regulations
In 18 months, the exchange’s representatives have failed to get an answer from officials about the principle on which they categorize cryptocurrencies as securities
Nov 30, 2023
Trends
BTC, ETH, SOL, and LINK trading are already available to users
Nov 29, 2023
Incidents
Earlier, the court banned the businessman from leaving the United States before sentencing for sanctions violations and AML violations
Nov 29, 2023
Cryptocurrency rates
-
Bitcoin
$39 501
BTC
+2.03%
-
Ethereum
$2 165.82
ETH
+3.56%
-
BNB Smart Chain
$231.36
BSC
+1.36%
-
Ripple
$0.62101
XRP
+1.42%
-
Cardano
$0.398195
ADA
+3.58%
-
Dogecoin
$0.086541
DOGE
+3.12%
-
Polkadot
$5.59
DOT
+2.11%
-
Litecoin
$72.62
LTC
+1.53%
-
Bitcoin Cash
$230.61
BCH
+2.33%
-
Stellar XLM
$0.122135
XLM
+2.03%