Elon Musk’s tweet again increased the price of Dogecoin, know the latest price

The price of Dogecoin has increased slightly after the latest tweet by Elon Musk. The Tesla and SpaceX CEO has once again tweeted a meme in which he names DodgeCoin and the price went up a bit soon after. Musk tweeted a few lines from the popular children’s song Baby Shark (by South Korean company Pinkfong), but wrote Baby Doge instead. His fans took the meme seriously once again and helped meme currency to bring back the coin that had fallen to a very low level.

Soon after Musk’s tweet on Thursday, Dogecoin crossed the $0.25 mark (approximately Rs 18.69). The coin has been stable since then and according to Coindesk, Dogecoin was trading at $0.24 (roughly Rs.17.94) on Friday morning. dodgecoin price in indiadogecoin price in india) till the writing of the news was about Rs 19.

The song ‘Baby Shark’ became a huge hit on YouTube in November last year. Musk appears to have used his popularity to reach a wider audience and fuel the declining sentiment of meme currency.

CoinMarketCap’s AccordinglyBaby Doge, a spinoff of Dogecoin, saw tremendous growth over the past 24 hours, with a 120 percent increase in price. Coindesk’s statistics Unlike Dodgecoin, the price of bitcoin is declining, down 3.5% over the past 24 hours.

Musk has repeatedly expressed concern about the increasing use of fossil fuels for bitcoin mining and trading. Their electric vehicle maker Tesla once made a U-turn from the decision within days of announcing the adoption of bitcoin as a form of payment, citing environmental damage as the reason behind the decision.