Elon Musk’s tweet again increased the price of Dogecoin, know the latest price

NDTV Gadgets 360 Hindi

After the latest tweet by Elon Musk, the price of Dogecoin has increased slightly. The Tesla and SpaceX CEO has once again tweeted a meme where he named DodgeCoin and shortly thereafter the price went up briefly. Musk tweeted a few lines from the popular kids song Baby Shark (by South Korean company Pinkfong) but instead wrote Baby Doge. His fans took this meme seriously once again and helped meme currency to bring back the coin which had reached a very low level.

Soon after Musk’s tweet on Thursday, Dogecoin crossed the $0.25 mark (approximately Rs.18.69). The coin has been stable since then and according to Coindesk, Dogecoin was trading at $0.24 (roughly Rs.17.94) on Friday morning. Dogecoin price in India was around Rs 19 at the time of writing the news.

The song ‘Baby Shark’ became a huge hit on YouTube in November last year. Musk appears to have used its popularity to reach a wider audience and prop up the falling sentiment of the meme currency.

According to CoinMarketCap, Baby Doge, a spinoff of Dogecoin, saw tremendous growth in the past 24 hours, with the price rising 120 percent. Data from Coindesk shows that the price of bitcoin is down as opposed to dodgecoin, down 3.5 percent over the past 24 hours.

Musk has repeatedly expressed concern about the increasing use of fossil fuels for mining and trading bitcoin. His electric vehicle maker Tesla once made a U-turn from the decision within days of announcing the adoption of bitcoin as a form of payment, citing environmental damage as the reason behind the decision.<!–

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