Elon Musk
(Picture: POOL/AFP via Getty Images)Elon Musk is able to start a frenzy in the cryptocurrency world with a single tweet.
The Tesla CEO is known for his absurd posts on the social media app, and every once in a while Musk drops a few words about cryptocurrency that set the market aflame.
As a long-time fan of Dogecoin, Musk often shares his support of the coin on Twitter in various formats (lest we forget the time he tweeted a Chinese poem about beans that was a secret message about Dogecoin).
Back in April, a tweet of his sparked a giant demand for the cryptocurrency that featured just five words.
In his tweet, he wrote that he would be putting ‘a literal Dogecoin’ on the ‘literal moon’.
SpaceX is going to put a literal Dogecoin on the literal moon
— Elon Musk (@elonmusk) April 1, 2021
It’s because of Musk that so many people have also turned into supporters of the digital currency that maybe weren’t interested before.
Sign up to our new free Indy100 weekly newsletter
The meme-inspired currency that’s based on the ‘Doge’ meme has seen epic highs thanks to Musk.
More recently, he announced that “Tesla merch” is now “buyable with Dogecoin.” And if you need a translation for Musk’s talk, that means that the cryptocurrency can now be exchanged for Telsa merchandise.
All it took was that tweet for prices to skyrocket.
According to Market Watch, Dogecoin surged by 14% to $0.198893 after Musk shared the tweet.
In response to his announcement, Musk coined the term “Doge King” among other names linked to the cryptocurrency by his supporters in the comments.
“My two favorite things working together towards a better future. 2022 is fantastic!” wrote one person.
My two favorite things working together towards a better future. 2022 is fantastic ! https://t.co/Fuzmp73jmU
— Amanda Cerny (@AmandaCerny) January 14, 2022
“Tesla making merch buyable with #Dogecoin is HUGE, massive news not only for $DOGE but for ALL of #crypto,” another exclaimed. “This further legitimizes crypto and helps with mainstream adoption.”
Tesla making merch buyable with #Dogecoin is HUGE, massive news not only for $DOGE but for ALL of #crypto.
— B (Da Viking) (@100bviking) January 14, 2022
This further legitimizes crypto and helps with mainstream adoption.$FLOKI, named after Elon's #Shiba, will also be an ultimate winner. https://t.co/h2jYPqLMg3
ELON DOGE
— Watcher.Guru (@WatcherGuru) January 14, 2022
THE DOGE KING HAS SPOKEN.
— unusual_whales (@unusual_whales) January 14, 2022
His replies were also flooded with memes of the beloved dog.
— Huobi (@HuobiGlobal) January 14, 2022
alright #dogecoin community, you know what to do pic.twitter.com/BMz5QS9Agf
— Shibetoshi Nakamoto (@BillyM2k) January 14, 2022
