Elon Musk and Dogecoin have a very close relationship. No matter how he tweets or comments about this digital coin, the price of the coin cannot remain unaffected. While he may not be influencing the entire cryptocurrency market, his social media posts certainly reflect his influence. Now Tesla CEO Elon Musk has changed his profile picture on Twitter. In this, he is seen wearing sunglasses. In this only his face is visible and sunglasses are visible on his face. But the image of DOGE is also visible in them.
The effect of changing Elon Musk’s profile picture on Twitter was that the price of this coin jumped 10% on Sunday. The surge came after DodgeCoin co-founder Jackson Palmer also posted a Twitter post expressing his dissatisfaction with the cryptocurrency market.
The change to Musk’s Twitter profile picture came a day after he tweeted that his own son was “holding his Doge like a champ.” Since the profile picture was changed, the coin’s price saw a 10 percent jump, which was recorded on Sunday.
According to CoinMarketCap, Dogecoin’s other co-founder Billy Marcus took to Twitter to post his own meme about Musk’s market moving powers – which is a matter of debate. Half of DodgeCoin’s profits have already been wiped out with cryptocurrencies. Dodgecoin is currently priced at $0.18 (approximately Rs 13.49). At the time of writing this news on July 19, the price of Dodgecoin in India was Rs 13.17.
The cryptocurrency community may have grown tired of Musk’s tweets compared to the old days, allowing his influence to fade into another passing fad. Investors are now taking their own discretionary decisions regarding the cryptocurrency market which has shown constant volatility. He is of the opinion that no one person can determine the movement of a market.