Tesla Corporation (NASDAQ: TSLA) CEO Elon Musk has supported enabling Coinbase Dogecoin (CRYPTO: DOGE) on its weekend trading platform.
what happened: The entrepreneur’s support came in the form of a response to a question asked by the Twitter user.
Yeah!
Elon Musk (@elonmusk) March 13, 2021
Tesla $ 1.5 billion Bitcoin (NASDAQ: BTC) It was a buy Facilitated by Coinbase, soon to be public, According to mass.
BTC is trading 1.2% down at $ 60,266.12 at the time of writing. The major cryptocurrency reached an all-time high of $ 61,683.86 on March 13th.
why does it matter: Musk released a series of tweets about DOGE this weekend. The Tesla CEO revealed that he was planning to acquire a Shiba Inu dog, a breed native to Japan and the cryptocurrency mascot meme.
I am getting Shiba Inu # Resistance is useless
Elon Musk (@elonmusk) March 14, 2021
While DOGE’s price crossed $ 0.06 over the weekend, Musk’s tweets seem to have led to an almost 300% increase in price. Shiba Inu Code (CRYPTO: SHIB).
See also: Elon Musk inadvertently sends a cryptocurrency “ Marscoin ”, up 1,800% with a tweet
DOGE share is trading down 1.45% at $ 0.59 at the time of writing. SHIB shares were trading up 286.45% to $ 0.0000000823.
Musk made other references to DOGE – which was apparently referring to the 1975 film “Dog Day Af Afternoon” based on a bank robbery.
Noon Doge Day Origin:
The ancient Romans sacrificed Dogecoin in the early days of the Doge to calm Sirius’ anger, believing the star was the cause of the hot and harsh weather.
They ask you why are you so dogmatic
Elon Musk (@elonmusk) March 13, 2021
Frequent musk Tweets on Dogecoin Some in the cryptocurrency community are concerned Those who believe they are causing massive damage to the industry.
Read Benzinga exclusive next: Dogecoin creator says what sets meme cipher apart from “ thousands of failed coins ” is a meme
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