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Saturday, 07/18/2020 12:29:41 PM

Saturday, July 18, 2020 12:29:41 PM

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Dogecoin News

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Wow, such pump: Dogecoin rises 14% after Elon Musk Tweet

Elon Musk is up to his old antics again, tweeting about crypto and unwittingly pumping Dogecoin. And no, he hasn’t been hacked.

In brief

* The Tesla CEO equates Dogecoin to a global standard.
* Dogecoin pumps 14%.
* It’s not the first time the Tesla CEO has inadvertently pumped or dumped.

Elon Musk has tweeted about crypto for the second time this week. This time, however, he wasn't hacked. Instead, he’s pumping his favorite meme-based cryptocurrency, Dogecoin—again.

In the wee hours of the morning, the meme-loving Tesla CEO quipped that Doge could become a reserve currency. Following his tweet, Dogecoin’s price rose by 14%.

https://decrypt.co/35999/wow-such-pump-dogecoin-rises-14-after-elon-musk-tweet



Maybe it's unwitting — but maybe it's not.

When the 31st richest person in the world says something this — even in jest. It's a very big deal, imo.

GodBless-NoDoubt
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