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| − | [/sciencetech/elon-musk/index.html Elon Musk] says he has bought Dogecoin for his son after relentlessly tweeting about the cryptocurrency for days and boosting its value to an all-time high. <br>The value of Dogecoin, which was created based on a popular dog meme, has surged 137 percent in the last week alone, according to CoinMarketCap data.<br>Musk first started tweeting about Dogecoin on February 4 and the cryptocurrency's price has been surging ever since, sparking concern over the billionaire's ability to move markets. <br>The Tesla CEO revealed on Wednesday that he had purchased an undisclosed amount of Dogecoin for his son X Æ A-Xii, who he shares with musician Grimes. <br>'Bought some Dogecoin for lil X, so he can be a toddler hodler,' he tweeted alongside a video of his son sitting on the floor. <br>Hodl is a phrase used in the context of cryptocurrency to refer to buy-and-hold strategies. <br>It is not clear how much cryptocurrency Musk purchased, or when he bought it. <br> Elon Musk says he has bought Dogecoin for his son X Æ A-Xii, who he shares with musician Grimes, after relentlessly tweeting about the cryptocurrency for days and boosting its value to an all-time high<br> <br>It comes in a week where bitcoin also surged 10 percent to a record $44,000 in the hours after Musk's Tesla announced it was investing $1.5 billion in the cryptocurrency. <br>Dogecoin's price was at $0.07411 - up 12 percent in 24 hours - as of Wednesday. <br>The value had hit a record-high of $0.084845 on Monday following Musk's relentless tweets over the weekend about the cryptocurrency. <br>Dogecoin's market value is currently at $9.5 billion and is currently the 8th ranked coin on CoinMarketCap.<br>Musk has been tweeting relentlessly about Dogecoin since February 4, which was subsequently followed by endorsements from rapper Snoop Dogg and Kiss rocker Gene Simmons. <br>His tweets last week included a picture of a rocket soaring past the moon with the caption 'Doge' and an image from the Lion King that showed himself holding up the dog from the doge meme.<br>'Dogecoin is the people's crypto,' another tweet read.<br><br>'No need to be a gigachad to own.'<br>'No highs, no lows, only Doge.'<br> The value of Dogecoin, which was created based on a popular dog meme, has surged 137 percent in the last week alone, according to CoinMarketCap data<br> 'Bought some Dogecoin for lil X, so he can be a toddler hodler,' Musk tweeted alongside a video of his son sitting on the floor<br>Late on Sunday, in a fresh endorsement for the cryptocurrency, Musk tweeted: 'Who let the Doge Out' - mimicking lines from the Baha Men's song. <br>He also tweeted an instructional video, saying: 'Ð is for Ðogecoin!' and called it 'the future currency of Earth' after putting up a poll for his followers. <br>Following the attention from Snoop and Simmons, Musk tweeted an image of the trio in which they had been superimposed on a scene from the Lion King.<br>Dogecoin has the same technical underpinning as better-known cyrptocurrencies such as Bitcoin, but is little used and had long traded for less than one cent.<br> RELATED ARTICLES [# Previous] [# 1] [# Next] [/news/article-9237435/Dogecoin-pushed-record-high-Elon-Musks-tweets.html Elon Musk moves markets... again: Dogecoin's value rockets... ] [/news/article-9243707/Another-pandemic-just-corner-warns-disease-expert.html Chilling warning that ANOTHER pandemic like coronavirus is... ] <br><br><br><br>Share this article<br>Share<br><br><br>It was created in 2013 and based on a then-popular internet meme of a Shiba Inu dog. <br>Musk has previously drawn sanctions for the Securities and Exchange Commission for his tweets about Tesla, where he is CEO and a major shareholder.<br>He settled with the SEC over the complaints, which were spurred by a tweet musing about taking the company private and another sharing production projections.<br>Publicly traded companies are regulated in how they provide forward-looking statements, in order to ensure investors have equal access to news that can move share prices significantly. <br> Musk has been tweeting relentlessly about Dogecoin since February 4<br> <br> <br> <br> <br> <br>Cryptocurrencies are not regulated in the same way and Musk's tweets about dogecoin are unlikely to be a violation of any law or regulation, regardless of whether he owns the cryptocurrency.<br>Still, his ability to move markets at ease with his tweets has drawn both admiration and concern from observers. <br>Venture capitalist Nic Carter told [ 'The only thing it can really do is be zombified and stick around and be an empty shell for people's expectations and for their entertainment.' <br>DailyMail.com has contacted the SEC for comment over any potential concerns regarding his market influence.<br>It comes after Musk on Monday launched a pair of potential game-changing shifts for bitcoin after Tesla announced it had invested $1.5 billion and said it will start accepting the cryptocurrency as payment for its cars in the near future. <br> Musk, who is a well-known supporter of bitcoin, had days earlier briefly changed the bio of his Twitter account, which has 46 million followers, to say '#bitcoin'. <br>He said a week ago that bitcoin was 'on the verge' of being more widely accepted among investors and in December asked if it was possible to do large transactions in the currency. <br>казино онлайн] i implore you to stop by our webpage. | + | Herzlich Willkommen im Wiki des [http://www.penexchange.de/forum_neu/index.php Penexchange] von [http://www.pelikan.com Pelikan]. |
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