Elon Musk is back supporting Dogecoin and Bitcoin : will this cause a surge?

Both Dogecoin and Bitcoin are sourced from Elon Musk in his recent tweets As usual, those tweets can cause the next big condiment for any of the cryptocurrencies on the market!

Investors in the cryptocurrency market are ahead of the “next big thing” to make big profits. Bitcoin and Dogecoin, in particular, are very much controlled.

Elon Musk and his tweets are known directly to the cryptocurrency market. On Thursday, Musk released two tweets that may enhance the value of Bitcoin and Dogecoin.

Twitter user Steven Steele is a popular icon discussing cryptocurrency-related topics on his YouTube channel. He recently proposed to AMC Entertainment to use Dogecoin as a new means of payment. His message wrote: “GAC deserves to settle for Dogecoin. sense. Do you agree?”

FX Empire noted that AMC and Dogecoin “have achieved the meme in their respective spheres. Now, some Dogecoin enthusiasts would like to see those two worlds collide. “

Since any of the coins has also experienced a sudden increase in value, the combination of those two erratic markets deserves to give exciting results, according to web fans. Twitter user itsALLrisky noted that “$AMC settling for $Doge would gain great advantages to AMC shareholders and make #Dogecoin practical, uniting the assets of memes is a not unusual goal. “

– ??? (@itsALLrisky) July 29, 2021

While the Internet was discussing the benefits of this merger, an unexpected progression occurred. Elon Musk “liked” the publication, which increased its overall popularity.

– Steven Steele (@MrStevenSteele) July 29, 2021

At the time of writing, Fintech Zoom has marked Dogecoin at a trading cost of $0. 20. However, the market value does not fit its growing popularity. Other corporations even began to recognize this piece. The male customer logo Axe recently introduced a limited edition “Dogecan”, which the corporate has distributed for hire in some areas.

Burger King in Brazil also brought their Dogpper, which turns out to look like their Whopper sandwich. Interested consumers can pay in Dogecoin in the restaurant’s Dogecoin wallet.

– Burger King Brazil (@BurgerKingBR) July 27, 2021

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Another exciting progression has also occurred for Bitcoin: Twitter user Dave Lee made a rough estimate of Tesla’s bitcoin assets. In February, reports indicated that Elon Musk had invested $1. 5 billion of Tesla’s money and switched it to Bitcoin. it changed, so Dave used an estimated Bitcoin value of $35,040. It calculated a total of 42,069 Bitcoins worth $1. 47 billion.

Musk responded oddly that “We don’t have as much Bitcoin, but it’s close. “

– Elon Musk (@elonmusk) July 28, 2021

The goal of Musk’s two Twitter activities remains ambiguous and subject of interpretation, however, it is a sharp build-up in bitcoin’s trading price.

At the time of writing, Fintech Zoom has a Bitcoin directory on a market worth $39,763. This is a significant increase in activity compared to its previous functionality this week. No prediction has been made about the duration of this boost for Bitcoin.

Thanks to Elon Musk’s tweets, Bitcoin and Dogecoin are likely to have more activity in the market over the next few days.

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