Dogecoin rises to about 5 cents on Tesla founder’s tweets
Musk said on Tuesday that he was going to take a Twitter break
Tesla Inc. co-founder Elon Musk returned from his self-imposed Twitter break to send a series of tweets about joke cryptocurrency Dogecoin.
“No highs, no lows, only Doge,” Musk wrote. He also posted a meme from the Disney movie The Lion King, showing the monkey shaman Rafiki holding up the cub Simba that’s photoshopped to be the billionaire with the Dogecoin logo of a Shiba Inu in his hands.
The digital asset, which was started as a joke in 2013, has risen to about 5 cents in the past 24 hours from 3 cents, according to data from CoinMarketCap. It’s the highest level since last week, when prices briefly spiked after Musk tweeted a picture of “Dogue” --- a satire on fashion’s Vogue magazine -- featuring a whippet in a red sweater.