A tweet by Elon Musk leads the public to anticipate the increase in the Crypto price by up to 50%. The study of the tweet has been reported by theDial.co A single tweet might not have led to such excitements if not for the tweet of Elon Musk, who is known to influence the global market just by his tweets.
So now that he has replied to his own previous tweet of July 2020. The last time he had tweeted, the currency was doubled, and this time it is predicted to increase even more with its price increasing every day or rather every hour. While the Dogecoin currency is increasing day by day, Bitcoin, which is still the top-rated Crypto, has undergone a 4% reduction in its price.
SNL May 8
— Elon Musk (@elonmusk) April 28, 2021
The growth rate of Dogecoin
With a 100% increase in just two days, Dogecoin is now experiencing a drastic leap. It has increased to $0.3 just within an hour after the tweet. It has been predicted to increase even more. Its smaller value makes it accessible to the market, but it has still exceeded $44.3 billion. It is predicted that the individual value would increase by 50% over the day. The tweet mentioned May 8 to be the time when the Crypto price will be huge.
Musk has been joking around about his coins pretty much over the last seven years. In February itself, he had predicted an increase of 68% in the currency. Let us see if the recent increases play off their sides and create a blast again.
Though Cryptocurrency is yet to be identified and used in several places of the world, it is still a matter receiving extreme hype and has become a matter to be concerned about. It is said so because Crypto might be the future of the world and might one day take over the regular money that we use. So, it is crucial to keep an eye on the daily reports of every day to see what the currency holds itself towards and what the owner companies have in the plan while using and making of the currency.