You can be on Entrepreneur’s cover!

Elon Musk Tweets, Dogecoin Surges Elon Musk has sent the meme cryptocurrency Dogecoin soaring.

By Entrepreneur Staff

entrepreneur daily
Elon Musk | Twitter
Image tweeted by Elon Musk.

In a series of overnight tweets to his 45 million followers, Elon Musk drove the value of Bitcoin rival Dogecoin up more than 50%.

His first tweet was only one word: "Doge." He followed it up with "Dogecoin is the people's crypto," and tweeted later: "No highs, no lows, only Doge." The value has increased from 3 cents to over 5 cents at one point on Thursday.

According to CNN, Musk is making a habit of boosting Dogecoin shares. This past December 20, he tweeted, "One Word: Doge" and drove the value up 20%.

Musk has been publicly critical of cryptocurrency bitcoin, calling it BS, but explained on Clubhouse that he regretted not buying it eight years ago. He seems to feel pretty good about where he is with Dogecoin, based on this Lion King meme he tweeted of himself as the monkey Rafiki holding up baby Simba with a Doge head.

Related: How a Series of Elon Musk Tweets Helped Lead Investors to Dogecoin, a Meme-Inspired Cryptocurrency Worth 4 Cents

Entrepreneur Staff

Entrepreneur Staff

Editor

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business Solutions

Grab Microsoft Project Professional 2021 for $20 During This Flash Sale

This small investment is well worth the time it will save your team in organizing and monitoring project work.

Business News

Microsoft's New AI Can Make Photographs Sing and Talk — and It Already Has the Mona Lisa Lip-Syncing

The VASA-1 AI model was not trained on the Mona Lisa but could animate it anyway.

Data & Recovery

This File Backup Tool Subscription Is $25 for Life for One Week Only

AOEMI Backupper Professional is designed to protect, store, and transfer user's files for them.