Tesla CEO Elon Musk Tweets Dogecoin Can Go up to 1 USD

Many started to hate on Elon Musk as people blamed him for the recent Bitcoin market crash. The dips happened as Musk announced that Tesla will not be accepting Bitcoins due to environmental reasons.

Last week, Bitcoin prices suffered due to a sell-off sparked by the Tesla billionaire. According to coin information websites, Bitcoin price has lost more than 20% over the last seven days, dragging down the entire crypto market.

Despite the hate and accusations of market manipulation, Musk tweeted another cryptic message in support of his favorite cryptocurrency — DOGE.

In the Tweet, Musk mentioned, “How much is that Doge in the window?” Aside from this, we can clearly see a dollar on top of a book. Lastly, the thing that stands out the most is the words “Cyber Viking.”

Many speculate that this means DOGE will go up to 1 USD. Others think that Musk may be hinting that he may use Dogecoin on a CyberViking satellite. While all of these seem plausible, nothing is confirmed yet.

Musk’s Dogecoin tweets have always been associated with surges in DOGE price. People started to dub this as The Elon Musk Effect. However, these are always speculations that can never be ascertained. On the other hand, Elon Musk’s impact on the crypto markets is enormous and undeniable.

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