• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: BREAKING: Three Arrows Capital Co-Founder Receives 4-Month Jail Sentence In Singapore
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Three Arrows Capital Co-Founder Receives 4-Month Jail Sentence In Singapore
Dogecoin

Dogecoin Jumps 8% After Elon Musk Tweets He’s Buying The Dip

Christian Encila by Christian Encila
1 year ago
in Dogecoin, Elon Musk
0

Dogecoin finds an unsurprising supporter in these gloomy crypto market atmosphere in the person of none other than the all too familiar Elon Musk himself.

After declaring on Twitter that he will “keep supporting Dogecoin,” the popular crypto’s price spiked 8% to $0.058, Monday.

Anything Musk says on Twitter – about DOGE or anything else under the sink – is sure to rouse the attention of his nearly 99 million followers on the social media platform.

Undoubtedly, his tweet to keep buying DOGE is a shot in the arm of sorts the heavily stressed cryptocurrency market needs.

Suggested Reading | BitRiver And Russian Oil Giant Team Up To Power Data Centers

Musk Dogecoin Tweet Should Give Crypto Market Some Boost

The tweet came about after an exchange with a user who told Musk that he should buying the “joke” coin if he really supports it. To which the billionaire responded: “I am,” suggesting that he’s buying the dip.

I will keep supporting Dogecoin

— Elon Musk (@elonmusk) June 19, 2022

This simply proves the CEO of electric car maker Tesla, who was hit by a $258 billion lawsuit last week over his support of Dogecoin, is sticking with the crypto and not turning his back on it.

Some market observers see this stamp of confidence in the crypto market as an ideal opportunity to buy cryptocurrencies while they are cheap.

Keep buying it then

— Altcoin Gordon (@AltcoinGordon) June 19, 2022

The 5.8 cents spike is a far cry from the 72 cents Dogecoin reached in May 2021, when Musk hosted “Saturday Night Live” and the dog-themed crypto got a mention in his opening spiel.

In one part of that SNL appearance, Musk was asked about the crypto, to which he responded by saying “It’s a hustle,” raising eyebrows from the crypto viewers and community in general.

The Dogefather’s Favorite Coin

Last year, Musk revealed he personally owns bitcoin, ethereum, and dogecoin. Throughout 2020 and 2021, Google searches for “Dogecoin” surged whenever Musk tweeted about the satirical cryptocurrency.

As 2021’s huge crypto bull run lifted the prices of BTC and ETH to record peaks, Musk repeatedly urged dogecoin developers to upgrade the cryptocurrency so it can “beat bitcoin hands down.”

DOGE total market cap at $7.7 billion on the daily chart | Source: TradingView.com

Musk was voted “Dogecoin CEO” in a mock Twitter survey in 2019 and named himself “The Dogefather.” That year, he revealed the coin “may be my fav cryptocurrency.”

More recently, Musk (together with Dallas Mavericks owner Mark Cuban) has campaigned for the use of DOGE as a payment method, which would give the coin a real purpose and diminish its status as a joke.

Suggested Reading | CBDC Cybersecurity To Be Tested By Hong Kong, Bank Of Israel And Bank For Int’l Settlements

Featured image from Marca, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Christian Encila

Christian Encila

Related Posts

Dogecoin

Is Dogecoin A Topic Of The Past? Social Media Talks At Lowest Since 2020

2 days ago
SHIB XRP DOGE

XRP, DOGE, And SHIB Make Their Way Into TradFi With New HSBC Partnership

3 days ago
Elon Musk Dogecoin X

Elon Musk Wants To Deter X Bots With New Pay Service, Is Dogecoin Involved?

2 weeks ago
Dogecoin

Dogecoin Inventor And Influencers Dragged Into Elon Musk’s $258 Billion Lawsuit

2 weeks ago
Dogecoin & Shiba Inu

Here’s How Correlated Dogecoin & Shiba Inu Have Been To Bitcoin

2 weeks ago
Dogecoin & Shiba Inu

Dogecoin Vs Shiba Inu: How Do The Memecoins Compare In On-Chain Metrics?

3 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • 6 Best Cryptos To Buy For Huge Growth in 2023

    16 mins ago
  • Best 7 Cryptos For Beginners To Buy

    2 hours ago
  • From Setbacks to Success: Uwerx’s Recovery/Relaunch...

    4 hours ago
  • Prepare for the Next Bull Market: The 5 Best Cryptos to Buy...

    8 hours ago
  • Meta Force and Lado Okhotnikov Presented the Results of...

    21 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.