alex alexalex
2022-06-20

Elon Musk said he would keep supporting Dogecoin sending the meme coin's price up

Last week Musk was sued for $258 billion by a Dogecoin investor for allegedly running a "pyramid scheme."

Tesla Inc CEO Elon Musk has again shown his support for Dogecoin.

On Sunday, he went on Twitter to endorse Dogecoin, following the meme coin's price plunge in the last few days. DOGE is down over 12% in the past seven days.The Dogecoin rose almost 8.5% in 24 hours after Musk wrote that he would keep supporting Dogecoin.

Responding to his tweet, one of his followers said he should keep buying the cryptocurrency. Musk replied that he was buying the meme coin.

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Comments

  • BellaFaraday
    2022-06-22
    BellaFaraday
    I wonder how many investors will blow their positions on his words.
  • DonnaMay
    2022-06-22
    DonnaMay
    Be careful. Now is not the time to invest in Dogecoin.
  • PandoraHaggai
    2022-06-22
    PandoraHaggai
    The cryptocurrency market has been full of pessimism lately.
  • Bonta
    2022-06-20
    Bonta
    Buying 1 coin is also buying. Buying 1 trillion coin is also buying. HOw many is he buying?
  • ng2021
    2022-06-20
    ng2021
    hope he keeps his word
  • Maria_yy
    2022-06-22
    Maria_yy
    Musk needs to control what he says and does.
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