Elon Musk is the CEO of Tesla and SpaceX, and he just changed his Twitter profile picture to a dogecoin logo. The Dogecoin community has been waiting for this moment since Elon Musk first tweeted about it back in December 2013.
This tweet was followed by an April Fool’s joke that fooled many people into thinking they had become millionaires overnight. But now it seems like the joke may be on us as we all eagerly await what will come next from this unlikely pairing of two internet sensations.
We can only hope that Elon Musk will use his influence to help promote the cryptocurrency and make it more mainstream than ever before! If you want to learn more about how you can get involved
According to the internet, Elon Musk is having a typical day. The enthusiasm for this big tech boy is typical for him. Musk’s social media outbursts have been outstanding, even by those standards, in the last few days. Much of this does not need a lot of explanation- He altered his profile picture, which might be confusing to newcomers to the cryptocurrency world.
What Did Elon Musk Do This Time-
Elon Musk updated his Twitter profile to a shot of himself framed by Dogecoin shades. He has 58.3 million followers on Twitter.
Rich guy Elon Musk may not have been able to convert economies, but his actions could continue to provide a significant boost. Elon Musk, CEO of Tesla and SpaceX, has changed his profile photo into a headshot that shows DOGE sunglasses reflecting off his face and making him seem like a wealthy dapper guy.
What Is The Significance Of Using A Simple Profile Picture-
Dogecoin’s price went up by 10% on Sunday, despite no rallies occurring ten times. The price of bitcoin has since tumbled, wiping out half of its gains, and it’s trading at $0.18 right now. The steep increase occurred after Dogecoin co-founder Jackson Palmer returned to Twitter to express his dissatisfaction with the cryptography industry.
After he tweeted that his own child was his doge’s champion, Musk’s profile image was modified. Elon Musk was delighted with his son Lil X, who kept his dogecoins and never considered selling them. In this price movement, Dogecoin prices increased by 10% each day.
Elon Musk’s Dogecoin postings have resulted in enormous price fluctuations on occasion. The meme cryptocurrency, on the other hand, erased all of its gains after Musk’s modifications in photography.
Elon Musk’s Dogecoin logo is a direct reference to the Bitcoin LaserRayUntil100k fad, in which users attached laser eyes to their social media profile pictures to demonstrate their enthusiasm. Elon Musk was swept up in the craze for a short time, along with MicroStrategy’s Michael Saylor, who has kept the laser eyes alive to this day.
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Last month, the profile picture of a Bitcoin anime girl with laser eyes was popularized by Elon Musk. However, its impact on the price of Bitcoin is negligible. DOGE holders appear to be more resistant to manipulation than Bitcoiners, or the price of DOGE is out of line with that of BTC and is rapidly pushed.
After Tesla announced it would stop selling Bitcoin and Dogecoin, the prices of bitcoin and dogecoin have fallen by more than 60 percent.
Despite this, Dogecoin is the sole top 20 currency to have survived significant stock prices with relative ease, despite a scathing no-confidence referendum from the most influential software developers in crypto’s brief history.
So, Why Does Elon Seem To Adore Doge So Much-
Elon Musk has shown indications that dogecoin will be used at Tesla by implying it will be accepted as a payment method. Dogecoin has been criticized for being controlled by a small group of whales, but it has appreciated 7,000% in 2017.
Elon Musk, the CEO of Tesla and SpaceX, has touted this cryptocurrency as his favorite. However, he recently warned investors against investing too much money in it. Someone mentioned changing dogecoin transaction fees depending on the phases of the Moon, which is fascinating. – According to Mr. Billionaire Musk.
Musk has opined that Dogecoin is superior to other cryptocurrencies because it includes doggies and humor, whereas the others do not- Wow, what a fantastic financial success. nDo you believe him? Do you think he prefers Dogecoin since it has dogs and memes, while the others don’t?