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Dogecoin Pumps 12 Percent After New Elon Musk Tweet

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Thu, 04/15/2021 - 05:08
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Alex Dovbnya
Dogecoin has seen its first Elon Musk-driven pump in almost a month
Dogecoin Pumps 12 Percent After New Elon Musk Tweet
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After awing the world with a video macaque playing a video game with its brain earlier this month, billionaire Elon Musk is once again tweeting about Dogecoin after almost a month-long break. 

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Following a series of cryptic tweets with emojis, Musk tweeted a painting of Spanish painter and sculptor Joan Miró, calling it "Doge Barking at the Moon" instead of "Dog Barking at the Moon" in a reference to his favorite cryptocurrency. 

Elon Musk
Image by @elonmusk

DOGE has jumped almost 12 percent since Musk's casual tweet on the Binance exchange, coming awfully close to a new all-time high.

Doge
Image by tradingview.com

Last month, cryptocurrency trader Andrei Badoiu came up with a bot that automatically purchases Bitcoin every time Elon Musk tweets about it.                      

The billionaire easily move the prices of cryptocurrencies with any Twitter mention.        

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.