• Elon Musk’s recent decision to replace Twitter’s blue bird logo with the Dogecoin logo caused a huge surge in the coin’s value.
• Musk has earned himself the nickname “Dogefather” due to his passionate tweets about Dogecoin, often causing significant spikes in its value.
• A lawsuit has been filed against Musk accusing him of intentionally manipulating Dogecoin’s values.
Elon Musk and Dogecoin
Elon Musk, current CEO of Twitter, is no stranger to cryptocurrencies, particularly when it comes to Dogecoin. His whimsical and passionate tweets have turned the tide for the meme-based cryptocurrency, often causing significant spikes in its value. He recently replaced Twitter’s blue bird logo with the Dogecoin logo, causing a huge surge in the coin’s value and earning himself the moniker “Dogefather” among crypto enthusiasts.
Musk’s SNL Cameo
Musk made an appearance on Saturday Night Live where he candidly dubbed Dogecoin “a hustle” – something that caused mixed reactions in the market and saw DOGE drastically drop in value. Despite this incident, he continues to charm audiences with his captivating escapades involving DOGE and shape its fascinating journey through the crypto realm.
Dogecoin investors have recently filed a lawsuit against Musk, alleging that he deliberately inflated its price by 36,000% within two years. The lawsuit is currently seeking damages of $258 billion as compensation for their losses.
As of April 4th 2021, DOGE was still making waves; trading volumes had surged and it was trading at a high of $0.101 per coin. This trend is expected to continue as long as Elon Musk remains vocal about his passion for Dogecoin on social media platforms like Twitter and Instagram.
Elon Musk’s love-hate relationship with cryptocurrencies continues to make headlines all over the world today; from his audacious moves regarding Twitter logos to his cameo appearance on Saturday Night Live or even his legal battles involving Dogecoin – it is clear that he will remain an influential figure in this space for many years to come!