Elon Musk raises the price of Dogecoin again

The value of Dogecoin on the Binance crypto exchange in 15 minutes rose by 16% and reached $ 0.42 after the cryptocurrency was mentioned on Twitter by the CEO of Tesla and SpaceX Elon Musk. The businessman published a picture showing Dogecoin in the form of a bill and asked what denomination it was. At 15:00 Moscow time, the altcoin is trading at $ 0.39. During the collapse of quotations on May 19, the Dogecoin price fell to $ 0.21, writes RBC Crypto.

The night before, Elon Musk after the decline in the bitcoin rate to $ 30 thousand. posted a tweet containing the word Tesla plus a hand and diamond emoji. Usually, the phrase “diamond hands” refers to investors who hold an asset despite fluctuations in its value.

In early May, Dogecoin reached an all-time high of $ 0.73. Altcoin grew amid expectations of Elon Musk’s performance on the comedy show Saturday Night Live. Tesla CEO announced his appearance on the show back on April 28th. Then he posted a post on Twitter, in which he called himself “Dogefather”.

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