$105,216.00
4.52%$2,411.82
8.05%$2.16
7.37%$639.07
3.67%$144.06
9.15%$0.999886
0.01%$0.274179
3.84%$0.163868
8.50%$2,413.15
8.20%$0.580624
7.42%$105,122.00
4.57%$37.10
4.76%$2,907.06
7.99%$2.82
14.57%$460.66
2.16%$12.94
11.64%$9.14
1.19%$18.20
10.10%$0.246139
7.75%$0.999823
0.00%$2.91
7.15%$47.94
-0.12%$0.00001163
9.69%$0.15299
13.86%$85.25
6.18%$2,410.43
8.01%$1.001
0.05%$2,580.65
7.96%$308.87
2.88%$1.001
0.04%$3.42
9.21%$4.18
3.22%$105,188.00
4.53%$0.00000993
12.18%$6.83
8.46%$0.53543
5.86%$257.03
12.68%$1.18
0.06%$352.75
15.56%$52.25
-1.59%$1.00
0.00%$4.33
10.79%$1.056
0.02%$0.085197
5.88%$4.94
8.15%$2.14
12.75%$174.64
9.28%$16.48
8.66%$0.758003
13.23%$1.001
0.11%$27.30
0.39%$0.609779
4.80%$16.46
3.47%$0.074514
16.33%$4.44
-0.04%$0.02160039
11.90%$9.27
6.41%$4.06
9.20%$0.693116
18.48%$0.083868
14.89%$105,194.00
4.33%$3.19
15.14%$0.2723
13.70%$0.181315
5.51%$0.180702
12.75%$0.923625
11.57%$2.26
9.30%$0.302133
11.65%$0.999343
0.42%$4.37
4.82%$1.00
0.02%$2,409.78
7.87%$0.25929
30.23%$98.62
10.84%$0.99929
-0.07%$11.07
3.01%$152.53
9.06%$0.203803
6.89%$0.406456
18.02%$1.19
8.54%$0.01722883
7.21%$2,743.19
7.86%$1.21
18.85%$2,524.77
8.06%$0.00001412
15.60%$1.60
14.93%$1.67
20.92%$11.04
12.99%$1.022
9.49%$0.320653
18.71%$1.001
0.06%$0.999654
-0.04%$0.642308
15.17%$0.549425
12.61%$0.058872
5.36%$0.999325
-0.04%$3.13
5.37%$2,580.26
8.40%$105,271.00
4.62%$2,529.90
8.06%$1.11
0.00%$3,373.27
-0.74%$639.03
3.63%$104,853.00
4.32%$0.837803
21.59%$3,357.82
-0.58%$105,938.00
3.67%$0.082442
12.55%$2,534.84
8.11%$0.517033
9.39%$0.581763
8.75%$0.421091
16.53%$160.96
9.24%$2.11
5.94%$0.844451
10.28%$111.54
0.02%$187.73
9.31%$0.00007348
15.12%$2.19
9.07%$2,608.33
8.16%$0.675853
13.24%$41.68
9.46%$0.998843
0.05%$0.01015958
0.98%$0.712862
8.66%$0.01012129
19.40%$1.086
0.20%$0.01402491
12.13%$0.25794
11.35%$0.163011
11.53%$0.01292957
17.70%$18.87
10.98%$30.91
6.37%$0.23386
9.30%$0.997626
-0.02%$0.00000061
8.17%$1.98
6.65%$104,929.00
4.42%$3.59
10.53%$0.428839
12.55%$0.535036
9.03%$105,006.00
4.65%$0.096087
12.91%$2.06
12.01%$37.15
4.97%$2,407.18
7.78%$0.332297
9.89%$0.524862
6.64%$0.491151
13.04%$2,409.00
7.90%$105,123.00
4.39%$1.00
0.04%$2,575.39
8.14%$2,521.71
7.48%$0.262369
11.15%$1.00
0.16%$0.618365
10.80%$0.01423409
11.21%$1.37
10.71%$2,410.90
7.96%$0.423173
4.42%$7.87
1.40%$47.70
6.37%$0.0612
0.49%$0.167591
41.91%$0.999899
0.01%$2.36
8.08%$37.21
5.14%$0.04391445
23.19%$0.99983
-0.00%$1.36
17.47%$0.163573
8.30%$0.421095
12.93%$1.091
0.04%$0.998133
0.23%$0.0000004
2.70%$5.58
11.47%$1.001
0.05%$1.005
0.48%$0.00423316
24.33%$0.00665953
19.36%$0.115317
12.70%$13.58
12.95%$2,408.79
7.93%$0.323695
17.32%$0.00001879
8.44%$2,561.16
7.95%$0.515679
9.01%$2.27
10.98%$0.983427
16.33%$0.490476
11.22%$0.0042266
19.17%$1.15
14.37%$0.00000091
24.96%$0.069587
9.92%$0.355051
5.27%$0.140089
19.89%$0.03509283
5.30%$0.166259
-2.07%$0.345548
6.02%$1.43
11.18%$5.25
8.70%$0.03519664
9.52%$1.18
5.97%$2,657.55
7.99%$0.0033036
21.53%$105,074.00
4.49%$105,349.00
5.18%$0.01674067
4.12%$19.71
2.24%$2,635.46
7.85%$0.999939
0.00%$0.03181739
4.29%$0.999514
0.04%$0.999761
0.09%$157.43
9.51%$2,412.32
8.13%$0.00005567
6.38%$0.999962
0.04%$1.10
14.46%$0.710324
6.16%$10.02
4.26%$0.303233
18.10%$0.446455
8.11%$2,407.47
7.76%$109.46
8.18%$0.713747
20.52%$0.00339699
9.11%$0.061112
13.49%$105,368.00
4.76%$18.20
10.21%$0.00000135
2.69%$1.68
-1.06%$1.001
0.33%$0.597412
8.73%$0.599648
17.60%$0.00514293
13.45%$103,390.00
9.10%$1.017
0.12%$2,111.64
4.48%$0.181311
5.37%$103,369.00
5.24%$0.00369469
18.85%$0.182481
9.17%$6.07
10.97%$14.82
9.25%$0.999537
0.03%$19.88
9.86%Reading
Elon Musk, the tech billionaire who can influence Dogecoin’s price with his tweets, warned his Twitter followers against overinvesting in crypto—a day before he’s expected to air a skit about the coin on Saturday Night Live.
“Cryptocurrency is promising, but please invest with caution!” Musk tweeted. Dogecoin rose from $0.57 to $0.59 immediately after the tweet. It now trades for $0.62.
Attached to Musk’s tweet is a video interview that online media outlet TMZ published in February.
Cryptocurrency is promising, but please invest with caution! https://t.co/A4kplcP8Vq
— Elon Musk (@elonmusk) May 7, 2021
In the video, Musk told a gaggle of eager reporters and fans, “People should not invest their life savings in cryptocurrency. That’s unwise.”
Musk then expressed his support for crypto: “If you want to speculate, maybe have some fun—there's a good chance crypto is the future currency of the earth.”
He said that Dogecoin’s success depends on “the will of the people.”
Then one fan blurted out: “My Dogecoin went up when you tweeted. You’re amazing, how do you do it? The power—the power of Elon Musk!”
The coin’s most ardent fans, the so-called Dogecoin Army, are set on sending Dogecoin “to the moon”—or at least a price of $1.
Musk’s tweet came a day before his debut on Saturday Night Live. Speculators await the promised Dogecoin skit with bated breath, in hopes that it could send the coin’s price skyward.
Dogecoin jumped 15% when Musk announced he was hosting the comedy show, and set an all-time high of $0.69 two days ago in anticipation. Investors had targeted the price on the so-called Doge Day of April 20 (4/20).
Bolstered in part by Musk’s tweets, Dogecoin has risen by 104% this past week, 867% in the past month and 24,738% in the past year.
Among those who share Dogecoin investors’ ambitions is Mark Cuban, the billionaire entrepreneur whose NBA team, the Dallas Mavericks, accepts and holds Dogecoin. At yesterday’s Ethereal Summit, hosted by Decrypt, Cuban predicted that Dogecoin will hit $1 and become a stablecoin.
Stablecoins usually refer to cryptocurrencies that are pegged to the price of a fiat currency, such as the US dollar. However, Cuban most likely used the term to suggest that Dogecoin’s price will stabilize at around $1.
Dogecoin was created in 2013 purely as a joke to reference the internet's favorite Shiba Inu dog meme. But its recent price surge—up 23,000% in the past year to an all-time-high this week of 69 cents, making it the No. 4 coin by market cap—is no laughing matter. And Mark Cuban, the Dallas Mavericks owner and billionaire investor who has talked up Dogecoin to his 8.3 million Twitter followers, thinks DOGE is headed straight for $1. Once it gets there, he thinks it'll stay there. "I kind of think...
Not everyone shares Cuban’s excitement. Charles Hoskinson, the founder of the seventh-largest cryptocurrency, Cardano, fears that Dogecoin threatens the cryptocurrency market.
“Are they purchasing that because they intend on using it for something? Or are they purchasing that because they want to get a 10x?” Hoskinson said in a YouTube video on Wednesday.
He warned that the speculative mentality will turn crypto into what comedian Bill Maher or Berkshire Hathaway vice chair Charlie Munger think it is: a useless speculative asset.
Dogecoin’s developers, after all, built the coin to mock cryptocurrencies. But this week, it became the third largest cryptocurrency when it hit a market capitalization of $79 billion.
“Fate loves irony,” said Musk in the video he shared today.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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