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Elon Tweets Again! Dogecoin Pumps Price Up

Today, Elon Musk tweeted that he “bought” his new-born son some Dogecoin, and in a snap, the price of the coin soared.

Tesla CEO and expert memer Elon Musk revealed on Twitter today that he has bought The billionaire entrepreneur tweeted today, “bought some Dogecoin for Lil X, so he can be a toddler hodler.”

After the tweet, Dogecoin’s price shot up like a rocket, from $0.069 to $0.08. Dogecoin then slipped to its current price, $0.074 where it sits in hope of Musk’s next tweet.

And then Musk shared a video of a baby, assumed to be X Æ A-12, blabbering to the tune of a whistle, presumed to flow from the pursed lips of one of his creators.

The world’s richest man, Elon Musk has tweeted about Dogecoin constantly in the past few months. He even declared himself as the CEO of Dogecoin at some point. Although he clarified in the past that his Dogecoin antics are all in the banter, he has recently outed himself as a true Bitcoin advocate. Tesla, the electric manufacturing company that Musk created, has invested $1.5 billion in Bitcoin, according to an SEC filing publicized last Monday.

Still, his Dogecoin tweets routinely pump the price of the coin, which rose by 753% in the last 30 days, according to data from CoinMarketCap. In the previous week, many celebrities, along with the eccentric musicians’ Gene Simmons and Snoop Dogg, have promoted the coin.

Dogecoin was created by Billy Markus and Jackson Palmer last December 2013 to make fun of cryptocurrencies like Bitcoin.

What will be made out of Musk’s latest Dogecoin promotion? Is it cute or nauseous?

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