$ 20,415.00
$ 1,170.57
$ 0.999901
$ 0.463893
$ 0.328374
$ 1.00

Elon’s Tweet Gains Dogecoin an 8% Rise

Elon Musk becomes DOGE’s surprising backer in current pessimistic crypto market conditions. 

The cryptocurrency’s price increased by 8% to $0.058 on Monday, June 20, after Musk took to Twitter to say that he will keep supporting Dogecoin.

There is no doubt that Musk piques the interest of his almost 99 million Twitter followers whenever he tweets about Dogecoin or anything else for that matter.

His support for Doge is a much-needed boost for the cryptocurrency market.

After the tweet, a user suggested Musk keep buying the coin, if he really supports it, and Musk simply replied, ‘I am.

Tesla’s CEO, who was faced with a $258 billion lawsuit last week for his support of Dogecoin, proves this way that he is ditching the coin and will continue to support it. 

According to some market observers, this is seen as an excellent opportunity to purchase cryptocurrencies while they are still low.

Ever since last year, when Musk confirmed that he personally owns Ethereum (ETH), Bitcoin (BTC), and Dogecoin (DOGE), google searches for DOGE increased anytime Musk tweeted about it. 

Musk has been pushing DOGE developers to enhance the cryptocurrency so that it could “defeat bitcoin hands down” as the price of Bitcoin and Ethereum reached new highs due to the massive crypto bull run.

In a mock Twitter poll in 2019, Musk was chosen as “Dogecoin CEO” and after, named himself  “The Dogefather” stating that the coin may be his favorite cryptocurrency.

The adoption of Dogecoin as a payment mechanism, which would grant the coin an actual function and lessen its position as a meme coin was urged by Musk (together with Dallas Mavericks owner Mark Cuban).

Also read:

Related News

Meta Continues With Its NFT Plans

Meta stated that its other cryptocurrency initiatives are proceeding according to schedule after announcing the end of its Novi project. Non-fungible tokens (NFT) have been developing for a while by the company. The Novi initiative, which enables remittances and international money transfers, will shortly be shut down, the company announced recently. According to the company, the project will no longer operate as of September 1. Users of Novi were informed

Read More »

Bitcoin’s Lightning Network Now Available for Argentina From OpenNode Partnership With Lemon Cash

OpenNode, a supplier for Bitcoin payments, has teamed with Lemon Cash, a well-known Latin American bitcoin wallet service. The wallet’s cooperation with OpenNode allows over 1 million Lemon Cash users to now access Bitcoin’s Lightning Network. “This partnership is yet another example of our capability and belief in Bitcoin as the new base layer for global payments… We’re proud to support Lemon’s mission and its desire to scale and benefit

Read More »
LuckyBlock is a worldwide game and competition platform with play to earn rewards using blockchain protocols. They have already given many prizes to the participants of the game.

Lucky Block Partners with Crypto Academy

Lucky Block has partnered with Crypto Academy, as we look forward to many updates and launches ahead.  Lucky Block has reached a partnership with Crypto Academy, the renowned Crypto Marketing Agency, and Informational and Educational portal. With an incredible success rate in helping cryptocurrency-focused startups grow in the industry, the partnership with Crypto Academy is a stepping stone in the exciting journey ahead for Lucky Block. LuckyBlock is a worldwide

Read More »

My Coins

$ 20,415.002.95%
$ 1,170.574.83%
$ 0.4638932.59%
$ 0.9999010.01%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

Disclaimer: All information and materials on this website are for educational purposes only. 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: