There's no denying the fact that Elon Musk's one reaction on the cryptocurrency, be it of any kind, shakes the market. Take a recent incident for example where the Tesla boss changed his Twitter display picture to a snap of him wearing glasses reflecting Doge image, which is Dogecoin's symbolic Shiba Inu, making the cryptocurrency value jump on Monday.
The picture, which is now making headlines, shows Musk in a mirrored sunglasses with Shiba Inu dog flashing through the frame.
The tech billionaire changed his display picture on Twitter soon after mentioning that his son was holding his "Doge like a champ" in a reply tweet: "Lil X is holding his Doge like a champ. Literally never said the word “sell" even once!"
@AshleyIllusion1 @lexfridman Lil X is hodling his Doge like a champ. Literally never said the word “sell” even once!
This isn't the first time Musk has mentioned Dogecoin. The 50-year-old has often sent the prices of doge cryptocurrency soaring on numerous occasions by sharing memes on social media. And Musk's recent picture change did not go unnoticed by Dogecoin's co-founder Bill Markus, who took to Twitter to share his own meme.
Thought previously Dogecoin saw a jump in the market, the recent fall of cryptocurrencies has been a matter of worry for many, especially the investors. However, the recent push by Musk surely brought slight relief for Dogecoin.
AP
