Bitcoin was pinned near its lowest in more than two months on Friday, while dogecoin leapt by a fifth as tweets from Tesla boss Elon Musk sent the two cryptocurrencies on a wild ride.
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Parabolic jumps in digital tokens such as ether, dogecoin and binance coin are outshining bitcoin, prompting more questions about whether that segment of the cryptocurrency sector is ripe for a reckoning.
SpaceX will launch the “Doge-1 Mission to the Moon” in the first quarter of next year, with Elon Musk’s commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.
Cryptocurrency ether broke past $4 000 on Monday, climbing to a new peak for a third session in a row on bets it may find new uses, lifting other digital currencies in its wake.
The value of dogecoin dropped sharply in early US hours on Sunday after Elon Musk called it a “hustle” during his guest-host spot on the Saturday Night Live comedy sketch TV show.
The dogecoin frenzy is reaching fever pitch as Elon Musk prepares to host Saturday Night Live with speculation he’s poised to talk up his beloved token. Crypto pros are not impressed.
Meme-based virtual currency dogecoin soared on Wednesday to an all-time high, extending its 2021 rally to become the fourth biggest digital coin.
Fans are driving dogecoin higher to mark an auspicious day, even while other cryptocurrencies continue to struggle.
Dogecoin, the tongue-in-cheek cryptocurrency featuring a Shiba Inu dog as a mascot, briefly touched a record on Monday after billionaire Elon Musk, rapper Snoop Dogg and Kiss bassist Gene Simmons tweeted about it.
Some people are laughing through gritted teeth at Elon Musk’s tweets promoting dogecoin – the joke may ultimately be on all of crypto.