Dogecoin (DOGE) jumped 20% on Thursday after another tweet by Elon Musk mentioning the cryptocurrency. The seventh cryptocurrency showed the second best dynamics after Cardano in the top ten of the CoinGecko rankings.
The cryptocurrency market was recovering on Wednesday after a sharp decline the day before. Bitcoin rose 4%, rising intraday above $ 42,000. However, the level that was previously support did not allow the rise to continue.
Dogecoin rose 15% to $ 0.40, but jumped above $ 0.43 intraday.
The Tesla founder posted a tweet on Twitter with a photo of a dollar bill showing the Dogecoin logo and the words “Cyberwiking,” writes forklog.
“How much is this Doge in the window?” Musk asked. After that, he wrote that “he did not sell and will not sell DOGE.”
In response, some users expressed their dissatisfaction, others said that they “lost everything” because of the businessman.
On May 17, users released the Fuck Elon Tweet (FUCKELON) token to demonstrate disdain for Elon Musk’s tweets that affect the cryptocurrency market.
Ethereum founder Vitalik Buterin, meanwhile, said that Musk’s influence on the crypto market will wane over time.
“Elon Musk’s tweets are what the cryptocurrency space first encountered literally last and this year. I think some recklessness is natural, but the market will adjust. Musk will not have this kind of influence forever, ”he told CNN.
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