Due to a tweet from Elon Musk, the price of the fun crypto currency Dogecoin rose by eight percent. After Tesla, his space company Space X will soon also accept the cryptocurrency for fan items, he explains.
The digital currency, which was actually launched as a parody, had already risen by a quarter in January after Musk announced the ability to make Tesla “merch” purchases with it.
Derived from the cryptocurrency Litecoin, Dogecoin was originally intended as a parody of Bitcoin. Unlike there, the number of digital coins that can be generated through “mining” is not limited. Because Dogecoin’s encryption is simpler, transactions can be completed faster than Bitcoin or Litecoin.
Musk has been feeding the Dogecoin price with benevolent tweets for months. Currency followers love it. The Tesla boss is apparently well aware of his role – last year he advertised on Twitter for an appearance on the American satirical show “SNL” in reference to the legendary mafia film “The Godfather” (“The Godfather”) as “The dogfather”. “.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
