We’re all familiar with Elon Musk. Billionaire, founder and CEO of SpaceX, Tesla and The Boring Company and more recently, a big influence on the stocks of certain companies. One of them, and by the looks of it, his favourite, is Dogecoin, and Musk has tweeted about the cryptocurrency yet again.
Dogecoin is a form of cryptocurrency that has recently been in the news due to Musk encouraging people to invest, buy and actively use Dogecoin. While that does not seem very groundbreaking, it is the way the billionaire does it that is most amusing.
Over the past few months, a single tweet or even a meme from Musk’s side triggered the value of Dogecoin to skyrocket to the highest value it has ever experienced.
That brings us to Musk’s most recent tweet regarding the cryptocurrency, which is a simple, yet astute observation:
Doge spelled backwards is Egod
— Elon Musk (@elonmusk) March 6, 2021
The tweet was posted at 10:10 AM IST, and according to Coindesk.com, there has been a 3.11% rise in the market cap value of Dogecoin in the last 24 hours.
Whether this has something to do with Musk’s tweet, we cannot say for sure. Although, we cannot say the internet will be surprised if it does.