Dogecoin jumps as Elon Musk takes to Twitter again

search May 20, 2021 Yahoo News Leave a comment 22 Views

Dogecoin, which started as a joke crypto token, has swung to and fro on Elon Musk's tweets. Photo: Yuriko Nakao/Getty Images

Dogecoin, which started as a joke crypto token, has swung to and fro on Elon Musk’s tweets. Photo: Yuriko Nakao/Getty Images

The price of Dogecoin (DOGE-USD) spiked on Thursday, before retreating slightly, after Tesla (TSLA) founder Elon Musk again posted his support for it on social media.

The cryptocurrency climbed as high at $0.40 (£0.28) from lows of $0.29 earlier in the day after a brutal sell-off on Wednesday.

The price of dogecoin spiked immediately after Musk tweeted on Thursday. Chart: Yahoo Finance

The price of dogecoin spiked immediately after Musk tweeted on Thursday….


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