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Technology Everything Elon Musk Has Said About Dogecoin

20:46  16 april  2021
20:46  16 april  2021 Source:   newsweek.com

Dogecoin: One person holds 28 percent of the total stock - and thus a value of 2.1 billion.

 Dogecoin: One person holds 28 percent of the total stock - and thus a value of 2.1 billion. The largest Dogecoin shareholder in the world holds 28 percent of all coins, currently worth 2.1 billion US dollars . There is wild speculation about his identity. © mk1one / shutterstock Dogecoin: One person holds 28 percent of the total stock - and thus a value of 2.1 billion The fun currency Dogecoin , launched in 2013 as a parody of Bitcoin, currently has a market capitalization of almost seven billion dollars, exceeding the value of international corporations like Under Armor.

The cryptocurrency Dogecoin hit a record high of $0.298 Friday morning amid Tesla CEO Elon Musk's boosting of the virtual currency on social media.

Billionaire tech CEO Elon Musk has posted about cryptocurrency Dogecoin for months, inadvertency causing spikes in the currency's price. In this photo illustration visual representations of digital cryptocurrencies, Dogecoin and Bitcoin, are displayed on January 29, 2021 in Katwijk, Netherlands. © Yuriko Nakao/Getty Images Billionaire tech CEO Elon Musk has posted about cryptocurrency Dogecoin for months, inadvertency causing spikes in the currency's price. In this photo illustration visual representations of digital cryptocurrencies, Dogecoin and Bitcoin, are displayed on January 29, 2021 in Katwijk, Netherlands.

Just after midnight on April 15, Musk posted a tweet that reads, "Doge Barking at the moon." He included a photo in the tweet of a painting by Spanish artist Joan Miró titled "Dog Barking at the Moon."

Petition Asking Amazon to Accept Dogecoin Signed by Almost 100,000 People

  Petition Asking Amazon to Accept Dogecoin Signed by Almost 100,000 People The petition has been online for years but recently resurfaced among members of the meme cryptocurrency's Reddit community.The petition, titled Doge4Amazon, was launched on Change.org in September 2018 by a user named "Mark E" with the goal of attracting 25,000 signatures. As of February 1, 2021, it had approximately 45,000 signatures.

Musk, who has over 51 million Twitter followers, has actively tweeted for months about the virtual currency Dogecoin, and his meme-like content has caused spikes in the value of the Bitcoin alternative's shares.

In his tweets, Musk has signaled that he's always anticipated the arrival of Dogecoin as a top global cryptocurrency.

"It's inevitable," Musk said in a July 17, 2020, post with an image of a dust storm, with a Shiba Inu face, as the "dog coin standard" blowing over the "global financial system." A Shiba Inu's face is featured on Dogecoin's logo. CNN reported that the Bitcoin competitor's shares went up 14 percent at the time.

On December 20, the billionaire tweeted "One word: Doge," driving Dogecoin shares up almost 20 percent and making the term a trending topic on Twitter, CNN reported. Musk went on to include "Former CEO of Dogecoin" in his Twitter bio, but this has since been removed.

The tech leader's viral attention to Dogecoin continued on February 4, when he posted a series of tweets over the course of the night and pushed Dogecoin's value up by more than 50 percent, according to data from CoinDesk cited by CNN.

"Doge," Musk said in the first tweet, accompanied by a photo of a rocket streaming toward the moon.

The following post reads "ur welcome" and includes a doctored screen grab from the animated film The Lion King featuring a photo of Musk's face pasted on the body of the character Rafiki and a Shiba Inu pasted on the face of baby lion Simba. Musk appears in the image to be lifting Dogecoin to greatness, and the tech CEO isn't necessarily wrong. His posts about the cryptocurrency have turned Dogecoin from a joke into a viable player in the cryptocurrency industry.

DogeCoin hits 10 cents: Why that has the internet excited

  DogeCoin hits 10 cents: Why that has the internet excited Here's why you're going to be seeing DogeCoin memes on your Twitter and Facebook accounts.It's the culmination of a semi-ironic movement that's involved thousands of buyers, tens of thousands of online posters and the world's richest man, Elon Musk. Just like the Wall Street Bets Reddit community rallied around pumping the GameStop stock up to $1,000-per-share (it got up to $483, short of the goal but a dramatic spike from the 52-week low of $3.77), cryptocurrency communities became attached to the idea of "sending" DogeCoin to 10 cents.

According to CoinDesk, Jackson Palmer and Billy Markus started Dogecoin to "satirize" Bitcoin by turning the viral "doge" meme into a cryptocurrency. But the cryptocurrency has a large supply, CoinDesk said, and because there is no "cap to the supply of coins...the coin can inflate infinitely."

Dogecoin is now a top 10 digital currency with a total market value of $34 billion, according to data from CoinGecko reported by CBNC. Friday's value of over 28 cents was more than double the price from a day ago, and Dogecoin has risen by 300 percent in value in the past seven days, according to CNBC.

"Dogecoin is the people's crypto," Musk said in another tweet in February, followed by "No highs, no lows, only Doge." He also posted a Twitter poll for "the future currency of Earth" comparing "Dogecoin to the Moooonn" and "All other crypto combined." Over 2.4 million people participated in the poll, which overwhelmingly selected Dogecoin as the planet's future form of currency.

Dogecoin Fans Mark 'Doge Day' on 4/20 by Trying to Spike Crypto's Price

  Dogecoin Fans Mark 'Doge Day' on 4/20 by Trying to Spike Crypto's Price The event is trending on Twitter on Tuesday as fans of the popular joke cryptocurrency token rally with memes.A hashtag of the same name is currently the second-highest trending term on Twitter as the community rallies online. The Dogecoin subReddit is also active with posts.

On April 1, April Fools' Day, Musk wrote: "SpaceX is going to put a literal Dogecoin on the literal moon."

Within four hours, the tweet had gained about 200,000 likes and 22,500 retweets. Dogecoin surged from $0.05 at 6:15 a.m. that day, and by 6:45 a.m. it had risen to $0.069—an increase of 38 percent.

Given that virtual currencies aren't "literal," the tweet raised skepticism about whether Musk was serious. In March, Markus told Newsweek: "I think it would be really cool if he does literally send Dogecoin to the moon on one of his rockets."

But as with any cryptocurrency, Dogecoin is definitively subject to swinging highs and lows in price. And in addition to Musk's tweets, it's likely that the most recent surge in price is due to the popular virtual currency Coinbase going public on Wednesday, creating an industrywide boon for cryptocurrencies.

"One of the things that's interesting about Doge is that whenever there's kind of excitement around cryptocurrency, people who don't really know a lot about cryptocurrencies get pulled into the Doge ecosystem," Adam Levine, managing director of podcasts and audio at Coindesk, told to Business Insider. "And that's partly because it's cute, and it's not intimidating. It's partly because the tokens are very cheap."

Elon Musk makes itself the "Dogefather" - Dogecoin jumped again clearly to

 Elon Musk makes itself the Tesla boss Elon Musk again: With a Tweet, he brought the cryptocommunity to cheer and made a strong freight in the digital fun currency Dogecoin. © Provided by finanzen.net Hannelore Foerster / Getty Images • Elon Musk Tweetet again via Dogecoin • Dogecoin Prize is clearly at • Musk remains "Dogefather" of the digital coins billionaire Elon must be an explained fan of fun currency Dogecoin . He made a variety of times in recent weeks that the digital coin recorded strong price jumps. So again.

Musk has not yet posted about Doge's all-time high as of Friday morning.

Newsweek reached out to Levin for additional comment but did not hear back before publication.

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Dogecoin Price Spikes After Elon Musk Tweets About the Meme Crypto Again .
The Tesla and SpaceX CEO said he chose Dogecoin over other cryptocurrency tokens because it "has dogs and memes."On Monday, Musk, the billionaire CEO of Tesla and SpaceX, tweeted a link to the Dogecoin community forum on Reddit, along with a message telling prospective developers to submit their ideas there if they wanted to "help develop Doge.

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