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24
Dec, 2020

Amazing Profits for Dogecoin after Elon Musk’s Tweet

While Bitcoin is flying at all-time high levels, many altcoins saw their prices to surge at fast or slow pace. In this case, Dogecoin seal the deal and surged almost 20 % in just a day. Dogecoin appears to have extended volatility traditionally in those period as its main fuel is the Internet hype.

 

Elon Musk tweeted that “Bitcoin is my safe word”, referred to a previous from him, with negative comments about Bitcoin a year ago. In the next tweet, he referred that he likes Dogecoin and this was enough for Internet to go on work.

 

This shows that smaller altcoins can be affected from tiny things and give or lose value to many investors, making the crypto market to shake again.