# Elon Musk and Doge

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Last modified: 2021-03-23

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By Shayne Heffernan · 2021-03-23
Tags: Headline News, Shayne Heffernan, Crypto, Opinion, Shayne Heffernan, Todays Trade Ideas, Knightsbridge Insights, Dogecoin
Signed: no (published before platform launch).
Nothing in this article is investment advice.

With a market capitalization of $7.3 billion, Dogecoin is now one of the most valuable cryptocurrencies. 

Dogecoin also has a very aggressive production schedule. There were 100 billion coins by mid-2015, and about 5.2 billion new coins are being created each year. Initially, Dogecoin was mainly used for “thanking” others on the Internet for “positive acts,” such as an idea or a web-related service. But since 2013, interest has been slowly building up in DOGE. 

Despite potential volatility,  investors’ risk appetite is strong in cryptocurrencies and we expect Dogecoin will see new highs sooner than later, 10c is very achievable this year and the long term Dogetoadollar hashtag looks to be right on the mark.

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

from Imgflip Meme Generator

Elon Musk is a DOGE Fan no doubt, his influence early was dramatic but now it is not effecting the price as much, many rushed in expecting the Musk involvement to immediately take DOGE "to the moon" but it didn't of course that's not how things work, in the meantime many of those expecting it to fly to $1 are now selling, and that is good news for you.

https://twitter.com/elonmusk/status/1364560733472579591

https://twitter.com/elonmusk/status/1361094185412100096

SO now we have some selling pressure but plenty of buying, it looks exactly like what Musk wanted.

SpaceX and Tesla chief Elon Musk's tweets have led to volatility in the price of cryptocurrency Dogecoin but the fact he is one of 3 Billionaires betting on Doge is enough to make it worth owning.

- Elon Musk [@elonmusk](https://twitter.com/elonmusk/) - Mark Cuban [@mcuban](https://twitter.com/mcuban/) - Vlad Tenev [@vladtenev](https://twitter.com/vladtenev/) are all Dogecoin fans.

Dogecoin - $DOGE [17]
???? Price [USD]: $0.0552
⚖️ H: $0.0574 | L: $0.0534
⚡️ Price [BTC]: 0.00000100 ₿
✨ Price [ETH]: 0.0000324 Ξ
???? 1h: -0.09%
???? 24h: -3.44%
???? 7d: -2.87%
???? Volume: $1,053,894,471
???? MarketCap: $7,101,552,265

Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the "Doge" meme as its logo and namesake.

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

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