This isn’t the first time Musk has tweeted about Dogecoin, the bitcoin descendant. ‘
The SpaceX CEO mentioned the digital coin in July when he tweeted “It’s inevitable” with an image depicting the dogecoin standard engulfing the global financial system. The tweet sent shares up 14% at the time.
ogecoin was created in 2014 as a parody to a popular internet meme “doge”, which involved a picture of a Shiba Inu dog. Although the virtual coin started off as a joke, it currently has a market value of nearly $570 million.