What did Elon Musk tweet today about Dogecoin?
“Tesla will make some merch buyable with Doge & see how it goes,” Mr. Musk wrote in the tweet on Tuesday morning. Dogecoin has been one of the most volatile among cryptocurrencies. It was started in 2013 as a joke and is based on a Shiba Inu internet meme.
Did Elon Musk do pump and dump?
The Tesla and SpaceX CEO also said he has no plans to sell any of his bitcoin anytime soon. “If the price of bitcoin goes down, I lose money. I might pump, but I don’t dump. I definitely do not believe in getting the price high and selling or anything like that,” Musk said.
How does Elon Musk feel about Dogecoin?
Tesla chief Elon Musk said that cryptocurrency Dogecoin fees would need to fall for it to become more widely used in retail purchases. “Super important for Doge fees to drop to make things like buying movie tix viable,” Elon Musk tweeted.
How is cryptocurrency manipulated?
To manipulate the markets of smaller cryptocurrencies was easy. Just placing large enough buy or sell orders could pump up prices or crash prices down. Likewise, large buy orders could push the market on smaller exchanges right up for cryptocurrencies with lower trading volumes.
Does Elon Musk own dogecoin stock?
Musk went on to explain that he owns some Bitcoin, Ethereum and Dogecoin, which he bought out of curiosity. Musk stressed that he does not “bet the farm on crypto.”
Does Dogecoin have a future?
There will be a positive trend in the future of the asset. DOGE might be a good idea for investing. In 2021, the coin will be stable and cost around $0.24. In 2025, the average Dogecoin price can reach $1.22.
Will Dogecoin hit 100 dollars?
It would be nearly impossible for Dogecoin to reach $100, because there isn’t quite enough money in the whole world. Every $1 that the Dogecoin price were to increase would require an additional $180 billion in 2030. To reach $100 by 2030, then, there would have to be $18 trillion invested in Dogecoin.
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