Latest News

Dogecoin is up over 20% in the last few hours as Elon Musk expresses his support for the memecoin

Elon Musk, the Tesla billionaire and long-time fan of dogecoin, has reaffirmed his support for the meme-based bitcoin competitor, causing its price to rise by roughly 20% just weeks after ridiculing famed investor Warren Buffett for attacking bitcoin.

Musk previously stated that if he is successful in taking Twitter private, he will target crypto frauds and bots, and that the subscription cost for Twitter Blue may be paid in dogecoin.

Musk responded to Billy Markus, the co-creator of Dogecoin, on Twitter.

Following news of Musk’s $44 billion proposal to take Twitter private, the price of dogecoin has soared.

Particularly, on speculation that Musk may integrate dogecoin into Twitter, potentially allowing users to pay with it.

However, dogecoin has dropped nearly 90% from reaching an all-time high of over 70 cents last year. Of course, pushed by Musk and high-profile investors.

Related Posts – The Indian Finance Minister hails blockchain technology

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.