Elon Musk’s recent attack on cryptocurrency happened a few hours ago, when he tweeted that he was working with Dogecoin developers to improve the cryptocurrency’s efficiency.
“Working with Doge developers to improve system transaction efficiency. Promising.”
According to CoinGecko, the price is up 26%, from $ 0.38 this morning to $ 0.48 at the time of writing.
The tweet link to “Efficiency” appears to confirm the idea that Tesla can add Dogecoin (DOGE) as a payment method after the CEO indicated Thursday that the company is considering green cryptocurrencies that use less than 1% of energy. Bitcoin for every transaction.
Dog / USDT: CoinGecko
TradingView responded to Musk’s tweet, stating that Dogecoin’s market value jumped $ 10 billion right after that. Dogecoin’s market cap was set at around $ 49 billion at 6 p.m. Friday and has since risen to $ 66.7 billion at the time of writing, an increase of nearly $ 18 billion.
Another factor behind the price hike may be news that Coinbase is planning to list the iconic memcoin on the stock exchange for the next six to eight weeks.
Coinbase CFO Alicia Haas appeared on CNBC’s Mad Money Thursday: “Should investors take Dogecoin seriously?” With Haas in response to the exchange, the decision should be left to investors:
“We are a platform. We want to offer all the assets that meet our listing criteria and we hope we’re where you can come and shop what you want.”
Boom dog symbols
Interest in DOGE has led to the creation of many imitation tokens, including Shiba Inu (SHIB), Husky (HUSKY), and Akita Inu (AKITA).
Akita Inu rose 32.933% in 30 days, hitting a record high of $ 0.00002904 on Tuesday. Since then, the price has dropped 72.6% to $ 0.00000787 on Friday. According to CoinGecko, volume reached $ 177 million in the last 24 hours.
SHIB has also attracted a lot of interest from retail investors recently, as data from CoinGecko showed that SHIB had been manually trading for the past 24 hours. The price dropped after Ethereum co-founder Vitalik Buterin abandoned a slew of tokens on Wednesday. Despite the ups and downs, Sheba has continued to grow by 12,263% since its inception.
r / dogecoin grabs image search results from google
Subreddit r / dogecoin users have placed rankings on Google Image Search to display Doge’s image when people search for “dollar” in the search engine.
The harmless joke is based on Dogecoin’s long-running meme (and goal) to go over 1. We checked it out, and of course the cute Shiba stands in the middle of the green.