# Elon Musk Tweets, Dogecoin Jumps

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Last modified: 2021-05-14

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By Paul Ebeling · 2021-05-14
Tags: Shayne Heffernan on Investments, Musk, Paul Ebeling, Crypto, Bitcoin, Dogecoin, Dogecoin, Knightsbridge
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#Musk #Dogecoin

[$DOGUSD](https://finance.yahoo.com/quote/DOGE-USD?p=DOGE-USD)

Friday in Asia Dogecoin jumped by 20# as Tweets from Tesla boss Elon Musk sent the cryptocurrencies due North.

Markets have responded to Mr. Musk Tweets for months since his interest in Dogecoin sparked a 100X rally in the token's value this year, while Tesla's $1.5-B Bitcoin purchase helped it break over 60,000 in April.

*"Working with Doge developers to improve system transaction efficiency. Potentially promising,"* Mr. Musk Tweeted, driving Dogecoin from 0.43 to 0.52 on the Binance exchange.

Almost worthless in late Y 2020, Dogecoin is the 'darling' of a Super bullish crypto market that began last year as institutional investors announced big bitcoin purchases.

Dogecoin has become the 4th-largest cryptocurrency by market cap, according to our data.

Have a healthy day, Keep the Faith!

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