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Joke cryptocurrency dogecoin sees share price almost double after tweets from billionaire Elon Musk – NEWS.com.au
Joke cryptocurrency dogecoin sees share price almost double after tweets from billionaire Elon Musk
A cryptocurrency originally invented as a joke, called dogecoin, has seen its value skyrocket after a series of tweets from Tesla founder Elon Musk.It surged by more than 40 per cent on Thursday to $0.058 ($A0.10) after the billionaire’s backing as traders piled in to buy up stocks.
Despite announcing a break from Twitter on Tuesday, Mr Musk returned just two days later and wrote “Dogecoin is the people’s crypto.”
He followed that up with: “No highs, no lows, only Doge.”
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