With no efforts, very quickly, Elon Musk honored to become Dogecoin CEO (although stepped down after a short period and presently known as former Dogecoin CEO). Following the huge buzz of DOGE by Tesla’s CEO Elon Musk, Doge rose by 25 percent overnight.
Elon Musk Becomes overnight CEO and Former CEO of Dogecoin
CEO of billion-dollar companies surprisingly becomes and stepped down as a CEO of 24th largest cryptocurrency, Dogecoin. It’s no surprise that Dogecoin has soared within a couple of hours after Elon Musk changed his bio to announce himself as former CEO of Dogecoin.
Elon Musk’s view for cryptocurrency is quite interesting every time – however, earlier, Musk has called ‘Bitcoin’ brilliant, although he owns only 0.25 BTC which his friend had sent him long back. This time, Musk’s respect is not for the crowning cryptocurrency but Dogecoin which is presently surging with more than 25 percent within a couple of hours.
DOGE Coin Quickly Rose by 30%
Nevertheless, Musk’s response to Dogecoin (DOGE) has greatly influenced its value in a short period of time. At the moment, DOGE is the 24th largest cryptocurrency with an average trading volume of $392,836,316. Moreover, it is trading at a value of $0.0033 against the US Dollar with a gain of 30% within 24 hours. In terms of trading volume, Dogecoin has recently jumped from 25th spot 24th.
How did it start?
Last night on April 02, 2019, Elon Musk involved in meme-heavy banter and showed his love towards Dogecoin – in his one tweet, Musk says that ‘Dogecoin might be my favorite cryptocurrency. It’s a pretty cool’.
The esteem value to Dogecoin is a response of a Twitter poll, created by Dogecoin official account to ask users who should be Dogecoin’s next CEO, giving 4 famous figures of the industry including Elon Musk.
The other three market leaders were Vitalik Buterin (co-founder of Ethereum cryptocurrency), Charlie Lee (Founder of Litecoin Cryptocurrency) and Marshall Hayner (CEO of Metal Payments Blockchain firm).
As a result, Musk ranks higher with 54% votes and undeniably and of course on public demand – Musk become overnight CEO of Dogecoin (now former CEO). Accordingly, Dogecoin asked to share Musk’s email address to offer access code and indeed Musk responded his email address publicly.
Nevertheless, what seems to be his email address tweet is no longer available on his twitter profile – Musk deleted email’s tweet very quickly but below is a screenshot that we found.
So readers, what do you think about Musk’s interest in Dogecoin? Do you think the buzz will influence the value of DOGE Coin? Share your views.
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com