Price slump on the crypto market: first pushed, then dropped: Elon Musk causes price slump in Dogecoin | message

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© www.de24.news The  fun currency Dogecoin has lost more than 13 percent since Sunday. To blame is someone who first ensured that the cryptocurrency could reach new records.

Elon Musk sends Dogecoin downwards

© www.de24.news

 The  Tesla boss caused a sensation in the cryptocurrency community with a tweet on Twitter. “When big Dogecoin owners sell most of their coins, I fully support that. Too much concentration is the only real problem in my eyes,” said the billionaire.

Investors reacted insecure and many investors actually sold some of their Dogecoins. © www.de24.news

 The  result: © www.de24.news

 The  cryptocurrency has risen by around 13 percent since the tweet on Sunday evening.

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Musk is not innocent of the price level of Dogecoin

It is thanks in particular to Elon Musk that the Dogecoin only made its way into the price regions where it is currently traded. In a series of tweets, he suggested his support for the coin, which was originally launched as a fun currency. Also on Reddit in the subgroup SatoshiStreetBets there were simultaneous calls to buy Dogecoin.

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As a result, the currency, which had cost less than a US cent for quite some time, was worth almost $ 0.08 at its peak, an almost eightfold increase in value in a very short time.

Finanzen.net editorial team

Image sources: CKA / shutterstock.com, Virrage Images / Shutterstock.com





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Price slump crypto market pushed dropped Elon Musk price slump Dogecoin message

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