Elon Musk’s Dogecoin Tweeting Has Believers Growl for More
Dogecoin (DOHJ-koyn, code: DOGE, symbol: Ð) is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, that started in 2013 as a joke and suddenly worth a total of more than $6.4 billion
Will Dogecoin ever reach $1 2021?
In Feb 2021, Dogecoin also had a strong rally due to Elon Musk tweets in support of Dogecoin cryptocurrency. Users were encouraged to buy DOGE coin expecting Dogecoin will rise to a projected value of $1 per DOGE token
So … it’s finally come to this … pic.twitter.com/Gf0Rg2QOaF— Elon Musk (@elonmusk) February 7, 2021
DOGE Price raised by 22% right after Elon's shot.
Before his tweet Dogecoin was trading at 0.00000023 DOGE/BTC and right after tweet price surged to 0.0000026 DOGE/BTC
Will Dogecoin become valuable?
The support from Elon Musk and r/Wallstreetbets shows that Dogecoin is a profitable investment for the long-term (more than 2 years). In Feb 07, 2021, the asset price increased up to $0.087. In 2025, the coin will conquer new heights and reach $1.
Will Dogecoin reach $100?
Dogecoin is worth US$0.0875 as of Feb 07, 2021 (less than a penny), and the value would have to go up 1,142.5X to get to US$100.
Does Elon Musk own Dogecoin?
Dogecoin, a cryptocurrency run by individuals not by Elon Musk.
The future currency of Earth— Elon Musk (@elonmusk) February 6, 2021
But Mr. Musk has provided a strong back in the form of tweets to DOGE.
P.S: Article is for information purpose only. It is not an advice.