Business
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.”
RELATED:Dogecoin worth more…
-
Noosa News24 hours agoWhere, when and why? Everything you need to know about Sunday’s pro-Palestine protest march in Brisbane
-
General20 hours agoIndia to defend ‘red lines’ as fresh tariffs loom
-
General16 hours agoAlbanese government to freeze construction code until 2029, fast-track housing approvals
-
General20 hours agoNationals Leader David Littleproud says nuclear power policy ‘sensible’ next step