Dogecoin price rose 10 thanks to Elon Musk who promised

Dogecoin price rose 10% thanks to Elon Musk, who promised to keep supporting this cryptocurrency

Cryptocurrency Dogecoin’s Kursk is up nearly 10% from a fairly significant low set over the weekend. This was due to the tweets of the richest man in the world, Elon Musk, who is not the first to support the meme digital currency.

    Image source: Pixabay

Image source: Pixabay

“I will continue to support Dogecoin”wrote Musk on his Twitter account. He also confirmed his intention to continue buying Dogecoin in response to a question from a user. The digital asset rose about 8.5% in the first 24 hours after the billionaire posted his message. According to the CoinDesk platform, Dogecoin was worth about $0.057 per unit at the time of writing this article.

It is curious that after a long decline in the price of other cryptocurrencies, the market has gradually stabilized and now many digital assets are showing growth. The price of bitcoin once again surged above $20,000 per unit while falling to around $17,600 over the weekend. Right now, the world’s most popular cryptocurrency is trading in the $20,621 per coin region.

At the same time, Ethereum, which fell to $880 over the weekend, is now trading at around $1,123 per coin. The progress of many other popular digital assets looks similar. Over the past 24 hours, XPR is up 4.49% to $0.32 per unit, Solana is up 12.35% ($33.84), and Cardano is up 5.77% ($0.48), according to CoinDesk.

About the author

Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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