Elon Musk tweets again in support of Dogecoin
Elon Musk tweets again in support of Dogecoin

Elon Musk tweets again in support of Dogecoin

By Amelia Tomasicchio - 4 Feb 2021

Chevron down

Dogecoin (DOGE) cryptocurrency is up 75% today from yesterday morning’s levels thanks no doubt in part to Elon Musk’s new tweets and pumps prompted by the Reddit group WallStreetBets (WSB).

Among the top 15 crypto assets by capitalization, DOGE is one of the best today as it regains its value of 6 cents, already reached a few days ago for the same reasons.

In fact, the new pump (and dump) organized by WSB for Dogecoin was set for today and Elon Musk did not miss the opportunity to talk about it again on Twitter.

We’ve seen it so many times now, partly for fun and partly because he’s realised that he can dictate its fate, the CEO of Tesla continues undaunted to tweet in favour of the Shiba cryptocurrency and, as always, this drives up its value.

All this, despite the fact that a few days ago Elon removed “CEO of Dogecoin” from his biography by putting the hashtag #bitcoin.

Dogecoin grows with Elon Musk and WallStreetBets

As mentioned, the price of Dogecoin had already risen 350% on January 29th thanks to this Reddit group of over 8 million members. 

The group is the same one that caused GameStop’s share price to skyrocket and also that of Ripple (XRP) a few days ago.

Other stars from the world of entertainment have also tweeted in favour of Dogecoin in recent days, including porn star Angela White and the former lead singer of 80s rock band Skid Row

Less happy is former porn star Mia Khalifa, who said she bought on $0.08 and is now at a loss. 

Despite this, the x-rated star continues to tweet in favour of DOGE, with many tweets on the subject, proving that she has become a true crypto supporter.

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist, and also PR manager for the Italian market at Bitget. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.