Elon Musk’s Tweet Boosts Dogecoin

Dogecoin, which features a Shiba as its logo, ranks as the #1 meme token by market capitalization, at $18,521,840,120. As of 6 p.m. January 25, the token was trading at $0.1445, up 10.3% from yesterday’s price. It has a circulating supply of 132,670,764,300 DOGE tokens, the worth of one is $0.13. Over the past three days, the price has been volatile and is still in the red zone. The cryptocurrency has declined 18.75% over the last seven-day period. The total supply of the coin is unlimited, which means that you can get an infinite amount.


Dogecoin has mainly been used as a reward on Reddit and Twitter for distribution and quality content. Now, this coin is considered to be the favorite of Elon Musk, who is the CEO of Tesla, according to his tweets. In January, he announced that for 14135 DOGEs, it is possible to buy Tesla Cyberquad for Kids. Today, he promised to eat McDonald’s Happy Meal on TV if the fast-food chain starts accepting Dogecoin.