I ’m starting to get lash from this roller coaster ride that is Dogecoin ’s time value in late day . It tide amid hype for Tesla and SpaceX CEO Elon Musk’sSaturday Night Live debutlast weekend but plump after he call the meme - inspired cryptocurrency a “ hustle , ” only to recoil again days later when SpaceX committed to accept a company ’s requital in Dogecoin and Tesla suspended purchase using Bitcoin , reference environmental business , not long after .
Well , strap in folks , becausethe Dogefathersent its price soaring yet again Thursday evening with the followingtweet :
“ Working with Doge devs to improve system transaction efficiency . Potentially hopeful . ”
Photo: Britta Pedersen-Pool (Getty Images)
Now , Musk is a known cyberspace troll with a history of using Twitter to throw the stemma marketinto a tailspinforthe saki of a punchline , so it ’s anyone ’s guess whether he ’s being serious . About an minute afterward , he postedanother tweetsharing a bit of historic period - erstwhile wiseness from The Hitchhiker ’s Guide to the Galaxy with his millions of followers : Do n’t panic ! This seems to advise it might just be a prank , but honestly , who fucking knows . ( We ’ve make out to Tesla for clarification , but admittedly the party ’s been quiet since dissolving its PR departmentlast October ) .
Joke or not , though , the essence it ’s had on the price of Dogecoin is very much real . Dogecoin ’s value jumped by as much as 18 % following Musk ’s tweet , according toCoinbase , andTradingViewreports that its securities industry crown spiked by $ 10 billion . The bombination has since tapered off a bit , but Dogecoin ’s value is still coast about 11 % higher liken to this sentence yesterday .
On Wednesday , Musk announce ( alsovia tweet ) that Tesla would no longer be accepting fomite payments in Bitcoin , purportedly out of concern over the “ chop-chop increasing usage of fossil fuel for Bitcoin mining and proceedings . ” In the meanwhile , he said , Tesla will uphold to reckon for more energy - efficient cryptocurrencies . And while that ’s a commendable goal , the fact that Musk is only just now acknowledginghow insanecrypto excavation ’s atomic number 6 step is makes Tesla ’s newfound concern experience like a PR move more than anything else .
On MondaySpaceX agreedto take a requital solely comprised of Dogecoin from the Canada - ground Geometric Energy Corporation to secure its spot for an 88 - pound satellite aboard a space deputation scheduled for 2022 . The annunciation had Dogecoin Leontyne Price rally a bit after they tanked by about a third following Musk ’s SNL show . price have been passing fickle ( even for a cryptocurrency ) in the days since . But whether Musk ’s tweets are serious or not , their statement over lineage prices is undeniable , so I suppose the Dogefather is getting the last laugh either way .
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