Elon Musk ‘The Dogefather’ is what Elon musk called himself in the recent Twitty.
Dogecoin is continuing to take over the world as its price has skyrocketed once again. All in all, Dogecoin Price Sky Rockets Again After Elon Musk Declares Himself ‘The Dogefather’
Elon Musk ‘The Dogefather’ making doge again in light.
Soon after, the cryptocurrency doubled from $0.25 in value to $0.50 this morning, April 28, in the space of just 15 minutes. Last week, dogecoin held strong at $0.43, with investors hoping to have got its value up to $0.69 for 4/20.
Musk has also hinted that he will be discussing dogecoin on his upcoming appearance on Saturday Night Live. He wrote, ‘The Dogefather SNL May 8’.
Previous Dogecoin shout-outs by Musk have caused dramatic surges in the meme-inspired cryptocurrency. In February, the business and science mogul went on a tweeting spree called Dogecoin ‘the people’s crypto.’
He wrote, ‘No highs, no lows, only Doge. Dogecoin is the people’s crypto. No need to be a gigachad to own.’ Musk also shared a rather entertaining Lion King meme of his face on Rafiki while holding up Simba, who has the dog’s face from the famous ‘doge’ meme.
Musk himself has invested in Dogecoin and reportedly bought $1.5 billion worth of Bitcoin earlier this year, The Independent reports.
The Bottom Line
The Tesla founder seems pretty determined to get the usual Bitcoin in general circulation and offered to buy out the cryptocurrency’s largest holders so that more people can access it.
‘If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue IMO,’ he wrote, before adding, ‘I will literally pay actual $ if they just void their accounts.’
Since its a surge in popularity in recent months, some predict Dogecoin may hit $1 by the end of 2021.