HomeInternationalElon Musk, Back On Twitter, Turns His Support To Cryptocurrency Dogecoin

Elon Musk, Back On Twitter, Turns His Support To Cryptocurrency Dogecoin

Elon Musk tweeted his help for cryptocurrency Dogecoin. (FILE)

Cryptocurrency Dogecoin surged more than 50 per cent on Thursday just after billionaire entrepreneur Elon Musk tweeted his help for it, two days just after he mentioned he was to take a break from Twitter “for a while”.



Dogecoin jumped to $.05798 according to information on blockchain and cryptocurrency web site Coindesk. Musk 1st tweeted “Doge” and right away followed it up with “Dogecoin is the people’s crypto”.



The Tesla chief’s tweets about particular firms and cryptocurrencies have sent their rates soaring in current weeks. Shares in GameStop, Etsy and CD Projekt have jumped following comments on his Twitter account about them.

In the crypto planet, him placing a “#bitcoin” tag on his Twitter bio sent the most preferred currency flying final Friday. He has due to the fact taken the tag off.

Meanwhile, rival cryptocurrency ethereum is also on a record setting spree as investors get it prior to the launch of ethereum futures on the Chicago Mercantile Exchange next week.

Ethereum rose to record higher of $1,698.56 prior to providing up some of these gains to trade 2.7% reduce in early london

Ethereum rose to record higher of $1,698.56 prior to g trading. Bitcoin, the most preferred crypto currency, also fell 1.2% to $37,184.

Cryptocurrencies are gaining traction with more mainstream investors. The euphoria boosted the total market place worth of all cryptocurrencies above $1 trillion for the 1st time earlier in January.

(This story has not been edited by TheSpuzz employees and is auto-generated from a syndicated feed.)

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