Elon Musk Promotes Dogecoin Invites Miley Cyrus

Tesla CEO Elon Musk regularly promotes cryptocurrency Dogecoin. Most recently, he invited singer Miley Cyrus. It seems that it is starting to read that this is Elon Musk's tactic to keep the excitement of this cryptocurrency. Every time Elon Musk moves, Dogecoin's price soars up.

In the 4th week of April, the prices of Bitcoin, Dogecoin and Ethereum were sluggish. Maybe that's why Elon Musk is back in action. This time Elon tweeted a photo of the four of them with US singer Miley Cyrus, then there was the Australian rapper, The Kid Laroi and of course the dog Shiba Inu, the mascot Dogecoin. His sentence was short, "Guest starring ..."

Reporting from News.com Australia, Sunday (9/5/2021) their photo together while shooting the Saturday Night Live talk show. His tweet received 702.6 thousand likes and 108.9 thousand retweets. This means that it is so easy for Elon Musk to raise Dogecoin's prestige through his Twitter account.

Netizens responded with discussion of crypto currency and Dogecoin offers to fellow netizens. This is certainly not the first time the Tesla boss has tweeted about Dogecoin. Chuckle, "To The Moon!" from Dogecoin supporters - when the price soared - also cheered by Elon with the tweet, "Doge barking at the Moon." Dogecoin is an open source cryptocurrency created by Jackson Palmer and Billy Markus in 2013. This cryptocurrency uses the logo of a Japanese dog, Shiba Inu, which was originally a sarcastic joke about cryptocurrency.

Elon Musk's support helped boost the Dogecoin price. Most recently, Dogecoin price set another record by breaking to the level of IDR 10,400 on Saturday (8/5) yesterday. The price has increased by more than 12,000% since the beginning of 2021.