bitcoinBTC/USD
$ 19,544.52
ethereumETH/USD
$ 1,318.46
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.427866
xrpXRP/USD
$ 0.462487
usd-coinUSDC/USD
$ 1.00
terra-lunaLUNC/USD
$ 0.000314

Dogecoin Price Surges Following Elon Musk’s Tweet

Atis. Sh
A Tweet From Elon Musk Caused Dogecoin to Skyrocket

A recent tweet from Elon Musk has had a significant impact on increasing Dogecoin (DOGE) prices. The meme cryptocurrency, Dogecoin, hit an intraday high of $0.167 today because of Elon Musk’s tweet. This tweet used Christopher Nolan’s epic science fiction film Interstellar as inspiration.

The meme is based on the film’s depiction of severe gravitational time dilation.

Diving into details, Matthew McConaughey informs his team that seven years on Earth is comparable to only one hour on the Miller planet. Miller is a water planet that orbits a hypothetical black hole named Gargantua. Several years after Interstellar premiered, a snapshot of the aesthetically compelling moment became popular. This screenshot involves Anne Hathaway as well, becoming a meme and garnering popularity on social media.

The Effect of Cryptocurrencies’ Volatility

Coinciding with the time dilation premise in the movie, Bitcoin (BTC) and other cryptocurrencies have a reputation for being very volatile. For example, after gaining 19,090 percent in three months, Dogecoin made some of its owners extremely wealthy. Today, however, this crypto is down around 77.56% from its all-time high (ATH).

Additionally, due to the volatile nature of cryptocurrencies, people’s moods may quickly shift from one side to the other. Accordingly, many of them become pessimistic or optimistic after only one significant move in either way.

Last year, Musk’s tweets about Dogecoin drove the cryptocurrency’s ascent. Moreover, Musk helped to reignite interest in DOGE again earlier this month. This was done by making select Tesla items available for purchase through DOGE. 

Also read: 

Bitcoin Bounces Back to $41K As Stock Market Confidence Grows

EU Securities Regulator Proposes Crypto Mining Ban

First Metaverse Meeting: Crypto Regulations Discussed by Turkish Ruling Party

Actual Crypto.com Hack Damages Near $33 Million Per On-Chain Analyst

Also read:

Related News

Kim Kardashian Charged By SEC For Unlawfully Touting Crypto Security

The Securities and Exchange Commission has charged Kim Kardashian for promoting a crypto asset security sold and offered by EthereumMax on social media, resulting in a scam. This is without reporting the compensation she got for a promotion. In exchange for dropping the accusations, paying around $1.26 million in fines, forfeiture, and interest, going along with the investigations, the star of Keeping Up With The Kardashians, Kim, agreed to settle

Read More »
The action came after Binance's expansion in several nations in 2022, such as Dubai, France, Spain, and Italy, as the platform aims to expand its operations and boost global cryptocurrency usage.

Binance to Offer its Services to New Zealand

As per a blog post published on September 30, the biggest crypto exchange by trading volume, Binance, is now reportedly registered in New Zealand and opened a regional office there called Binance New Zealand as part of its effort for worldwide expansion. On September 10, Binance filed as a financial service provider with the Ministry of Business, Innovation, and Employment in New Zealand. This allowed the business to provide a

Read More »
With the new exchange-traded fund (ETF), European users will have access to the blockchain market. A metaverse-focused ETF may also be in the works, according to numerous sources.

BlackRock Introduces New ETF Targeting European Clients

Blackrock, the biggest asset manager in the world, has revealed the introduction of a fresh ETF. With the new exchange-traded fund (ETF), European users will have access to the blockchain market. A metaverse-focused ETF may also be in the works, according to numerous sources. The iShares Blockchain Technology UCITS ETF, a new Blackrock ETF, was introduced on September 27. Blackrock provided more information about the ETF, claiming that 75% of

Read More »

My Coins

bitcoinBitcoin
$ 19,544.522.04%
ethereumEthereum
$ 1,318.462.14%
tetherTether
$ 1.000.12%
usd-coinUSD Coin
$ 1.000.06%

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

[email protected]

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: [email protected]