Born as an internet joke, the crypto currency Dogecoin (DOGE) jumped 25 percent after the world’s richest man posted a new post on February 4.
DOGE skyrocketed again
According to data from Cointelegraph Markets and TradingView, the DOGE / USD pair hit record highs, breaking $ 0.05 on Thursday.
Sharing a frequent post about Dogecoin and Bitcoin, but only a few days ago, Musk said he would “take a break”. re-energized the market with his latest post.
Dogecoin Price Index: 1 Dogecoin How Much? (DOGE TL)
Sharing a photo of the moon and the rocket, Musk shared a comment under his post, “Doge” he stated. In his next post, Musk shared an image of himself and his Dogecoin mascot shiba in a famous scene from the Lion King cartoon. Tesla CEO posted the photo with the note “It doesn’t matter.”
ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
Following Musk’s post, Dogecoin rose from $ 0.04 to $ 0.058. The trading volume also increased 100 percent compared to Wednesday.
After that, the hashtag #ThanksElon (Thanks Elon) became trending in the USA.