At roughly 8am UTC Elon Musk tweeted about Dogecoin. How much value was traded in order for the price to increased 50%?
What I saw from charts.
It went from 1 sat to 2 sats and the market cap went from 5 to 7.5 billion dollars.
Looking for Bitcoin && Euros/USDT total value traded for Dogecoin with details for February 4th 2021.
Thank you.
if you look at the start of february 4th you can see that dogecoin was roughly 0,03 to 0,04$. in 24h the price for one went up to 0,6$ so it more or less doubled.
the total value that was transacted in the last 24h was estimated to be $221.67M (source "coin metrics").
The problem with crypto is that everyone buys if one celebrity or known person buys some in hoping that it will explode like bitcoin.
True, I remember the ICO crazy one celebrity painted her nails and it was a bull signal XD . So one tweet from Musk has the power to market buy roughly 220 million dollars of Dogecoin and lift the sell walls higher... Interesting. Will mark yours as correct. Thanks
P.S if you have any other comment. Please type it.
This isn't the first time his Twitter attention to Dogecoin has sent shares soaring. On December 20 a tweet in which he said, "One Word: Doge" sent the value up 20% and made it a trending topic on Twitter.