Elon Musk tweeted on Thursday in support of cryptocurrency Dogecoin. After his tweet, cryptocurrency prices rose by more than 50 percent.
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| World's richest man |
Elon Musk, the richest person in the world who announced to take a break from Twitter, tweeted two days later. One of his tweets has gone viral. Elon Musk tweet Doge on Thursday in support of cryptocurrency Dogecoin. After his tweet, cryptocurrency prices rose by more than 50 percent. He has about 4.49 crore followers on Twitter.
Let me tell you that Musk takes the help of Twitter to say his words. Recently, he has also tweeted about many companies. After his tweet, the prices of many companies have increased wildly. On February 2, Tesla and SpaceX CEO Elon Musk distanced themselves from social media platform Twitter. But after two days, he has once again returned to Twitter.
No highs, no lows, only Doge — Elon Musk (@elonmusk) February 4, 2021
50% rise in cryptocurrency price with just one tweet
According to data from the blockchain and cryptocurrency website Coindesk, Dogecoin jumped by $ 0.05798 (about Rs 4). Musk wrote Doge first in the tweet. Then he tweeted, 'Dogecoin is the joining crypto'. In the next tweet, he wrote, 'No highs, no lows, only Doge'. After Musk's tweet, cryptocurrency gained 50 percent.
Let me tell you that this is not the first time that a company has sprung up by Musk's tweet. In recent weeks, Tesla chief's tweets have increased the value of some companies and cryptocurrencies. Shares of GameStop, Etsy, and CD Projekt have gained momentum following comments about them on their Twitter account.
Before Elon Musk tweed Doge, He also tweeted in support of games company Gamestop last week. After this, the shares of the company rose by 700 percent. Earlier the company was going through difficulties. Last Friday, he changed his Twitter profile to what he wrote #bitcoin, the price of this cryptocurrency rose by about 20 percent.
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