Billionaire Elon Musk's hint that DogeCoin (DOGE) will become the new standard in the global financial system, pumped up the price of the meme coin by 20%.
Elon Musk's allusion to the inevitability of the globalDogeCoin's financial dominance definitely influenced the price of DOGE. Following the tweet, DOGE hit $ 0.0037 on Binance, a 23% increase in value in less than 24 hours.
Musk's love of memes went so far that he declared that "whoever controls memes controls the universe."
And in response to a question about hacking his Twitter account, he noted:
"Sorry, I only sell Doge!"
Due to his sympathy for DogeCoin, Elon Musk wasunofficially appointed CEO of the DogeCoin (DOGE) project back in April 2019. This was after a survey was conducted and 49% of respondents preferred the founder of Tesla and Space X to a host of other notable personalities such as Vitalik Buterin and Charlie Lee.
This is the second case of a DogeCoin pump in recent years. The coin jumped 50% thanks to a TikTok video earlier this month.
Subscribe to ForkNews on Telegram