The Dogecoin cryptocurrency rate has grown by almost 50% after Elon Musk's tweet. He wrote the word "Doge"

The Dogecoin cryptocurrency rate has grown by almost 50% after Elon Musk’s tweet. He wrote the word “Doge”

Tesla and SpaceX founder Elon Musk triggered a jump in the price of Dogecoin with his Twitter post. After returning to the social network, he posted a photo of the Falcon 9 launch vehicle, and below, he wrote the word Doge. Because of this, the value of Dogecoin increased by 19% in 15 minutes.

Elon Musk

After that, the businessman dedicated a few more publications to the aforementioned currency. He wrote that “Dogecoin is the people’s currency.” As a result, at the time of writing the news, its cost has grown by 47.5% in total over the past day.

Musk has previously triggered changes in the securities and cryptocurrency markets. Following a series of his tweets, CD Projekt RED’s share price rose. His remarks also led to a soar in bitcoin and shares in the GameStop chain of stores.

After that, he announced that he would take a break from Twitter, which lasted two days. Why this was required is not specified. Perhaps this is due to the launch of the Starship SN9 prototype spacecraft, which took place on the evening of February 2. The ship took off but crashed on landing.