Elon Musk Cryptocurrency Dogecion, the Tesla billionaire, has popup the price of the meme-based cryptocurrency, after tweeting that his son is handling his doge like a champ.
The price of dogecoin down around 70% from April peak, after lowing of under 17 cent in Musk’s tweet post.
“Lil X is hodling [a crypto twist on the word “holding”] his doge like a champ,” Musk replied to a meme posted by a Musk and dogecoin fan account. “Literally never said the word ‘sell’ even once!”
In other way round Musk has previously said that his son holds dogecoin himself though it not known on it price.
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The latest tweet is in a long line if Cryptocurrency post and market interventions made by the musk through 2021.
Although early this year Tesla revealed that he had bought $1.5 billion of bitcion while according to Musk saud his rocket company spaceX would put a literal dogecoin on the moon.
Elon Musk Cryptocurrency Dogecion price began surging this year after traders were placed on restrictions on meme stocks in January piled into the cryptocurrency and that like of bitcion and in same way of crypto exchange coinbase.
Last year dogecion was up at 6,000% amid the broader crypto rally that is seen the bitcion price add around 250% and hit an all time high.
However, the price of bitcoin and the wider cryptocurrency market has fallen sharply over recent months, with the combined market losing $300 billion since mid-June.
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This week, the world of bitcoin and cryptocurrency was rocked by an attack on crypto by one of dogecoin’s creators—something he said he made as a “joke.”
Jackson Palmer who is one of those that developed the tongue in cheek dogecoin in 2013 only for grow value of $25 billion.
Elon Musk Cryptocurrency Dogecion branded the entire crypto market to hyper capitalistic technology built primarily to amplify the wealth.
Elon Musk Cryptocurrency Dogecion