The price of Dogecoin has jumped nearly 400 percent in the last one week. Behind this, Elon Musk, the owner of Tesla and SpaceX, can be considered a big hand. Dogecoin is a cryptocurrency started as a joke. With its introduction, Musk was tweeting a lot about it, the effect of which is now being seen. The new cryptocurrency is progressing quadruplicate day and night. Since its launch in 2013, DocCoin is now one of the top five cryptocurrencies in the world, with a market capital of around $ 40 billion (about Rs 2.98 lakh crore).
According to CoinDesk , this digital currency has seen a 160.6 percent rise in the last 24 hours and as of Thursday it was $ 0.35(About 26 rupees). Just a day earlier on Friday, the world’s second richest man, Elon Musk, tweeted a picture of Joan Miro, a Spanish painter and sculptor , and in the caption “Doge barking at the moon.” wrote. Later in the evening on the same day, he tweeted another. This time he reposted it on his July 2020 tweet and shared it again. This indicated that he had already guessed this performance of Dogecoin.
After this, many users started giving their reactions on Twitter. Many users even praised the billionaire Musk for this accurate prediction. One user even went on to say that either Musk has a time machine or he is the biggest mimar (meme maker) till date. A user re-shared his own old meme, showing a comparison of the new cryptocurrency Dogecoin with China’s yuan, US dollar, euro of Europe and cryptocurrency Bitcoin.
Musk has long been a major supporter of cryptocurrency. In January this year, Tesla invested $ 1.5 billion (about Rs 11,181 crore) in the world’s largest digital currency bitcoin, closing at $ 61,822.06 (about Rs 46.08 lakh) on Friday night last week.
