During the past few days, Dogecoin saw a massive surge of 10% in its US dollar and Bitcoin pairs, and this came right after Elon Musk shared a tweet that became viral.
He posted a meme that was suggesting the fact that this specific coin, which was introduced back in 2013 as a joke, could take over the crypto space and become the global reserve currency.
Elon Musk boosts the price of the canine crypto
The online publication the Daily Hodl noted that “Following the tweet, Dogecoin climbed as high as $0.003835 on Saturday – nearly a 20% surge according to CoinMarketCap.”
At the moment of writing this article, (DOGE) is trading in the red just like most other coins and the digital asset is priced at $0.003237. The coin is down by more than 3%.
It’s inevitable pic.twitter.com/eBKnQm6QyF
— Elon Musk (@elonmusk) July 18, 2020
Also, another funny fact is that when asked by one of his followers where his Bitcoin is from the Twitter giveaway scam, here’s what Musk responded:
“Excuse me, I only sell Doge.”
Musk’s Twitter account hack
As you probably know by now, Twitter has been hacked, and a lot of high profile accounts were controlled by the bad actor for a while.
They hacked some accounts that had even a few million followers in order to spread a crypto scam.
We’re working with impacted account owners and will continue to do so over the next several days. We are continuing to assess whether non-public data related to these accounts was compromised, and will provide updates if we determine that occurred.
— Twitter Support (@TwitterSupport) July 17, 2020
The compromised accounts included Apple, Elon Musk, Joe Biden, Binance, Coinbase, and more.
Based on what we know right now, we believe approximately 130 accounts were targeted by the attackers in some way as part of the incident. For a small subset of these accounts, the attackers were able to gain control of the accounts and then send Tweets from those accounts.
— Twitter Support (@TwitterSupport) July 17, 2020
Twitter has been updating people on social media.
