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

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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. dodgecoin price in indiaDogecoin price in India) at the time of writing the news was about 19 rupees.

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.

CoinMarketCap’s accordinglyBaby Doge, a spinoff of Dogecoin, saw tremendous growth over the past 24 hours, with the price rising 120 percent. Coindesk’s statistics shows that the price of bitcoin is declining, unlike Dodgecoin, with a 3.5 percent drop over the past 24 hours.

Musk has repeatedly expressed concern about the increasing use of fossil fuels for bitcoin mining and trading. His decision came within days of his electric vehicle maker Tesla once announcing the adoption of Bitcoin as a form of payment. took a u-turn and cited environmental damage as the reason behind this decision.

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