Dogecoin gains its market value once again by Elon Musk tweet

Hamza Hayat

Dogecoin experienced a sudden hype in its market value after Elon Musk’s ‘Baby Doge’ tweet. Musk the real go-getter has once again put his spells in raising the Dogecoin value. Just like he did it recently for Shiba Coin, raising its value by up to 25%, Musk seems to be the real driver of Cryptocurrencies. Musk’s single tweet is more than enough in surging cryptocurrencies’ value.

Musk Tweeted, “Baby Doge, doo, doo, doo, doo, doo… Baby Doge, doo, doo, doo, doo, doo… Baby Doge, doo, doo, doo, doo, doo… Baby Doge”

According to CoinDesk, the value of DogeCoin raises by 3%, which makes it hit $0.25, furthermore, coins like Ethereum, Cardano, and XRP also experienced a slight hype in their market value.

If it’s Dogecoin or Shiba Inu Coin, the only person who is responsible for raising their values is Musk. He had help both these cryptocurrencies by mentioning them in his tweets.

DogeCoin, which was created back in 2013, now has gained its position across the top cryptocurrencies. While on the other side, the ‘Dogecoin Killer’ is also growing rapidly as recently it hyped 25%.

Shiba Token in created earlier in 2020, and becomes the famous one amongst the investors. The anonymous person named Rayoshi Shiba who created it had locked half of its Shiba coins into Uniswap. While he also burned half of the tokens, which makes Shiba rare in numbers.

Moreover, Dogecoin is expected to capture the market cap once again. We might experience more hype in its value soon.

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