Dogecoin surges 10% in a single Musk tweet, market cap of $6 billion

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Dogecoin

Cryptocurrency (virtual currency) that started like a joke After Dogecoin, CEO of Elon Musk Tesla, declared Dogecoin “everyone’s virtual currency”, the value surged, and the market cap (market cap) was $6 billion (6). Trillion won).

According to CoinMarketCap, the US cryptocurrency market relay site at 1 am (Korean time) on the 7th, Dogecoin is recording 51 cents, up 9.58% from 24 hours ago. Accordingly, the market cap exceeded 6 billion dollars. Dogecoin surged more than 800% this year.

This is explained by Musk’s support for Dogecoin, calling Dogecoin “the cryptocurrency of all of us”. In particular, Musk expressed his affection for Dogecoin by posting a visual material holding a Shiba Inu, a symbol of Dogecoin.

Musk Twitter Capture

Later, when Dogecoin surged, Elon Musk left a tweet saying “Welcome.”

Dogecoin made the famous Internet memes Shiba Inu as its mascot. Dogecoin is reportedly developed in 2013 when two programmers joked about next-generation cryptocurrency. In short, it was made with the eldest son.

That cryptocurrency has soared in Musk’s words. This is explained by the fact that the market overflowed with liquidity due to the global ultra-low interest rate phenomenon caused by Corona 19, and this liquidity pushed into the cryptocurrency market.