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Dogecoin Refuses To Budge Even As Elon Musk Sends Out Tweets On Meme Coin s Network Upgrade

Dogecoin Refuses To Budge Even As Elon Musk Sends Out Tweets On Meme Coin s Network Upgrade
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Is Elon Musk The Dogecoin Whale? You Wish, But Core Developer Has A More Boring Theory

Amid Elon Musk s Dogecoin Endorsement, SEC Warns On Investing In Anything On The Word Of Someone Famous

Search by keyword.googlecse Amid Elon Musk s Dogecoin Endorsement, SEC Warns On Investing In Anything On The Word Of Someone Famous Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk’s Dogecoin (DOGE) endorsements, the U.S. Securities and Exchange Commission has cautioned investors not to make investment decisions just because an investment has been recommended by “someone famous.” What Happened: The SEC’s Office of Investor Education and Advocacy took to Twitter to warn investors against making decisions just based on celebrity endorsements.   A Twitter user immediately responded by asking whether he should buy Dogecoin because Musk has recommended the meme cryptocurrency as a good investment. 

If Crypto Carnage Is All About Elon Musk, Why Is Dogecoin Not Off To The Moon?

The diamond hands reference was construed to be a desire not to sell Tesla’s Bitcoin (BTC) holdings even in the present adverse market conditions.  The tweet also earned him the wrath of several in the cryptocurrency community with the author and entrepreneur Timothy Kim calling him the “most hated person in the world right now.” While the diamond hands tweet did support the price of BTC temporarily, the downwards momentum is still strong. BTC traded 10.38% lower at $37,369.63 on a 24-hour basis at press time on Wednesday night. On an intra-day basis, the apex coin hit a low of $30,681.50 and a high of $41,286.79.

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