Dogecoin Value Spikes after Elon Musk Tweets about Cryptocurrency, Ending Twitter Break
On 2/4/21 at 6:56 AM EST
The value of Dogecoin has spiked after SpaceX and Tesla CEO Elon Musk ended his break from Twitter to post about the cryptocurrency originally created as a joke.
In a flurry of tweets on Thursday, Musk wrote: Doge, Dogecoin is the people s crypto, and No highs, no lows, only Doge. He also shared a famous image of
Lion King character Rafiki lifting up Simba, with his face over the monkey s and the Doge meme Shiba Inu dog as the lion cub.
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According to CoinDesk, the value of Dogecoin spiked by 43 percent following Musk s tweets, from $0.041 to $0.059.