Dogecoin has been surging following Elon Musk’s comment on the digital asset. In a recent tweet, Musk revealed that he had bought Dogecoin for his son “Lil X,” so that he can be a “toddler holder.”
Following Musk’s Tweet, DOGE soared 18%, reaching a daily record high of $0.0816 on Binance. Currently, data provided by the crypto price-tracking website CoinMarketCap showed that Dogecoin is up 5.70% to $0.07387. The crypto asset is ranked the 10th largest on the website.
Recently, Bitcoin also surged after Tesla announced that it invested $1.5 billion in Bitcoin. Following the news, Bitcoin spiked 13% and hit a new all-time high of about $44,000. Shortly after, the king coin became the world’s 8th most valuable asset by market cap.
Despite Bitcoin’s Tesla-fuelled surge, the king coin has plunged thereafter. In addition, Tesla’s stock is also down.
At the time of writing, Bitcoin is down 2.77% to $45,061.98. In the last 24 hours, Bitcoin had traded as high as $47,355.33 and as low as $43,909.73.
Also, Tesla is currently down nearly 5% to $808.76. MarketWatch data shows that the EV company has declined by more than 5% in the last five days. Earlier today, Tesla fell to $800 despite previously closing at $849.46.
Image Credits: Pixabay
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