Elon Musk says he will become the first trillionaire in Dogecoin (DOGE)

The dogecoin rally triggered by Elon Musk appeared to have died down over the previous few months, with the meme coin failing to push to any new highs like most of the market. However, it now looks as if the Tesla CEO is again to backing his favorite meme coin.

In July, the billionaire has said that his cryptocurrency portfolio contains Bitcoin (BTC/USD), Ethereum (ETH/USD) and Dogecoin (DOGE/USD). He has now said that he will be the first Dogecoin Trillionaire, signifying that he is going lengthy.

Dogecoin, Not SpaceX, will make him a Trillionaire

Are you on the lookout for fast-news, hot-tips and market evaluation?

Sign-up for the Invezz publication, as we speak.

A current report by Morgan Stanley has said that Musk has a excessive probability of turning into the world’s first Trillionaire. However, in response to a tweet about this, Musk hinted that dogecoin, and never SpaceX, would lead him in the journey to turning into a Trillionaire.

Elon Musk has a internet price of round $249 billion. The current rise in Musk’s wealth has been attributed to main positive factors made by Tesla shares. The shares of the electrical automobile manufacturing firm reached an all-time excessive of $910 on October 22.

Following these positive factors, Musk’s wealth is now bigger than the gross home product (GDP) of New Zealand. If the Tesla rally continues, the billionaire might quickly surpass the GDP of Portugal.

Dogecoin is nonetheless Musk’s Favorite 

Earlier this 12 months, Musk was attributed to the main dogecoin rally that pushed the meme coin in the direction of all-time highs of $0.73. However, it appeared as if Musk had deserted the doge military for Shiba Inu, which has been responding to Musk’s tweets.

Over the previous month, any Musk’s tweets relating to meme cash have contributed to main SHIB positive factors. Dogecoin has failed to reply to Musk’s tweets, exhibiting that the CEO’s affect on the largest meme coin is fading out.

However, Musk’s current help in the direction of dogecoin reveals that he is nonetheless backing the meme coin. Yesterday, Musk tweeted that he didn’t maintain any SHIB. He additional clarified that his crypto funding portfolio includes bitcoin, ethereum and dogecoin, an announcement that he has shared severally in the previous.

However, regardless of Musk failing to endorse SHIB, the meme coin is quick catching up to dogecoin, having gained over 450% over the previous month. SHIB just lately hit an all-time excessive of $0.00004432, earlier than Musk’s tweet led to an 8% dip.

Invest in crypto, shares, ETFs & extra in minutes with our most well-liked dealer,



67% of retail CFD accounts lose cash

Source: https://invezz.com/news/2021/10/25/elon-musk-says-he-will-become-the-first-trillionaire-in-dogecoin-doge/

Latest news

Bitcoin Rally Hopes Still Alive, If This Metric Is To Go By

If the historic sample on this on-chain indicator is something to go by, hopes for the continuation of the...

Bullish Run for Injective (INJ): Will the Momentum Continue?

The Injective (INJ) worth has skilled an uptrend, leading to worth will increase since yesterday, May 28. This pattern signifies...

No All-Time High For Bitcoin In 2023, Former BitMEX Head Arthur Hayes Predicts

In a latest podcast look, Arthur Hayes, the previous head of BitMEX, delivered a sobering prediction in regards to...

Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

Yesterday, Polkadot (DOT) reached its weekly excessive at $5.54 however subsequently began a corrective part. In the previous 24...
- Advertisement -spot_img

Did This Historical Line Act As Support Again?

Bitcoin on-chain knowledge suggests a historic assist line could have helped the coin as soon as once more because...

Memorial Day Reflections: Reinvigorating Critical Thought, Bitcoin Can Honor Service Members

This is an opinion editorial by Mickey Koss, a West Point graduate with a level in economics. He spent...

Must read

Bitcoin Rally Hopes Still Alive, If This Metric Is To Go By

If the historic sample on this on-chain indicator is...

Bullish Run for Injective (INJ): Will the Momentum Continue?

The Injective (INJ) worth has skilled an uptrend, leading...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you