Elon Musk's 'Fav' DogeCoin's Value Now Stands At Rs 9 And Social Media Cannot Keep Calm
What started as a joke has now become an actual thing - Dogecoin's value is $0.122680, or almost 12 cents (Rs 9), and Elon Musk can't stop tweeting about it.
What started as a joke has now become an actual thing - Dogecoin's value is $0.122680, or almost 12 cents.
ur welcome pic.twitter.com/e2KF57KLxb
¡ª Elon Musk (@elonmusk) February 4, 2021
According to Coindesk, dogecoin has risen to 70.22 percent in the last 24 hours which is the highest ever recorded.
Dogecoin is classified as 'a memecoin' and now the market cap is currently over $14 billion - there's no point converting that into rupees.
Thanks to the richest man in the world, Elon Musk, this semi-ironic movement involved thousands of buyers.
Back in January, each token was worth less than one cent but when both the GameStop and DogeCoin movements hit the stock market hard, the value of the latter rose up to 7.5 cents. However, it went down to 2.5 cents.
The past few months were spent in the three-to-seven-cent range. However, on Sunday, its price began to shoot up again and from around six cents, it broke the 10-cent milestone, reported CNET.
Needless to say, Twitter is very excited about this development since Musk has a lot of following on the microblogging website.
I love it here #dogecoin pic.twitter.com/cZ3cyYhMzv
¡ª Chantel Jeffries (@ChantelJeffries) April 14, 2021
Me literally every 5 minutes checking if #dogecoin hit 50 cents yet pic.twitter.com/qKPmUFgVxU
¡ª Hemant Dahiya (@hemantdahayat) April 14, 2021
the $30 i bought in #dogecoin is now $130, so I am once again tweeting the only meme I've ever made pic.twitter.com/Y4plKuQPw6
¡ª Pink Possum (@buddy_slender) April 14, 2021
#DOGECOIN IS SHOCKING THE WORLD RIGHT NOW
¡ª Matt Wallace ?? (@MattWallace888) April 14, 2021
No highs, no lows, only doge #dogecoin pic.twitter.com/rvVjUVyQWZ
¡ª Sertan Korkusuz (@sertankorkusuzz) April 14, 2021
They never saw it coming #dogecoin pic.twitter.com/oJ6PNoZuer
¡ª ??? (@itsALLrisky) April 14, 2021
DOGE out here smoking fiat ? #dogecoin pic.twitter.com/sjCPGuDuc8
¡ª LATOKEN (@latokens) April 14, 2021
still undervalued ?????? #dogecoin https://t.co/7hcgCmauRU
¡ª D O G E C O I N ? (@DogeCoin_Boom) April 14, 2021
This is the way #Dogecoin pic.twitter.com/1hlMb9bpAv
¡ª Reddit Stonks Trading??? (@StonksReddit) April 14, 2021
Anyone else catch the doge ears! #dogecoin pic.twitter.com/7LXArpvsQ5
¡ª Cquynn (@CQuynn) April 14, 2021
When Elon Musk drops the meme, #Dogecoin is heading past $0.20 make no mistake about it
¡ª WallStreetBets (@wsbpage) April 14, 2021
I am the Doge!#dogecoin #doge #tothemoon pic.twitter.com/9O87EmBn8B
¡ª SavvyOne (@_SavvyOne) April 14, 2021
#Dogecoin - it¡¯s like riding a unicorn through a field of cotton candy covered in rainbow sprinkles pic.twitter.com/j8e5JGyswp
¡ª DogeMoon? (@DogeMoon11) April 14, 2021
Me looking at #dogecoin every 30 secs like i know what I¡¯m doing ???? pic.twitter.com/fP89Tdb1m3
¡ª bbattle (@bbattle96412392) April 14, 2021
Dogecoin is a digital coin used for e-transactions like Bitcoin. It is a reference to the ¡®doge¡¯ meme and has a picture of the shiba inu on it. Doge has also been in use to donate money to charities.
What do you think about this? Do you think this will become a real thing, or will continue to be treated as a joke? Let us know in the comments.
Also read: Tesla CEO Elon Musk Once Didn't Have Enough Money To Get His Car Repaired
