Elon Musk’s Dogelicious! Tweet Causes Dogecoin to Jump 4%

Everyone knows that if you want to see something trend on social media, all you have to do is mention Elon Musk. Well, this time it was dogecoin taking the stage!

The cryptocurrency surged 4% after the Tesla founder tweeted:

“Doge barking at the moon”

This tweet caused mass excitement amongst the cryptocurrency community and a big spike in crypto-markets – and who would have expected it – Dogecoin!

Dogecoin is on a Roll!

Dogecoin has been on a wild and crazy ride since its inception in 2013. It has had its ups and downs, and now it seems that its future is looking kinda bright.

Since Elon Musk’s tweet, Dogecoin prices have increased from $0.0047 to $0.0053. Sure, it’s not a massive gain, but if you look at it in the context of the month, it’s quite a feat.

Holding the Bag

Now, the thing is not to rush into investing in Dogecoin just because of Elon Musk’s tweet. That could be a costly mistake. It is wise to remember that cryptocurrencies can be extremely volatile – something that won’t change any time soon.

Final Thoughts

Dogecoin’s meteoric rise since Elon Musk’s tweet is hard to ignore. But what’s more important to consider is:

  • Do your own research

  • Consider potential gains and losses

  • Choose to invest wisely (or not) at your own discretion

At the end of the day, only you can decide whether Dogecoin is worth the investment or not. I’ll just leave you with one phrase: To the Moon!

Happy Investing!
Kwak-kaw!