Elon Musk will continue to buy Dogecoin

Elon Musk “I will continue to buy Dogecoin”

Dogecoin – As of 1:05 p.m. on the 20th, the domestic Bitcoin (BTC) price recorded $20.087 dollar, up 2.07% from the previous day. Ethereum (ETH) rise 3.47% to $1.083 dollar. Binance Coin (BNB) traded at $210 dollar, and ADA (ADA) traded at $0.47 dollar, up 0.63%. Ripple (XRP) rise 0.46% to $0,32 dollar.

The international market is also on the rise. At the same time, based on CoinMarketCap, BTC recorded $19,9983.10, up 8.88% from the same time the previous day. ETH traded at $1079.38, up 13.06%. Tether (USDT) is $0.9987 and USD Coin (USDC) is $1. BNB was up 8.32% to trade at $208.29.

The total market capitalization of cryptocurrencies is $879.8346.6 million, an increase of 62.682.07 million dollars from the previous day. The fear and greed index provided by Alternative.me, a cryptocurrency data provider, stands at 9 points, up 3 points from the previous day, in a state of ‘extreme fear’.

Tesla CEO Elon Musk has announced that he will continue to support Dogecoin (DOGE).

Last weekend, Bitcoin retreated below the $18,000 level due to unstable macroeconomic conditions and a sluggish cryptocurrency market. Ethereum also plummeted to the $900 level, once the market cap of the cryptocurrency market fell below $820 billion. Despite this bearish market, Dogecoin’s price skyrocketed when Musk tweeted that he “supports Dogecoin” and “will continue to buy”. After Musk’s remarks, Dogecoin rose more than 8%, and as of 1:15pm on CoinMarketCap, Dogecoin is trading at $0.055,855, up 12.51% from the previous day.

Earlier, when Musk, who appeared on the popular American TV program ‘Saturday Night Live (SNL)’ in May of last year, joked that “Dogecoin is a scam,” the price of Dogecoin plummeted more than 90% from $0.72. In response, investors recently filed a claim for damages, alleging that Musk engaged in a pyramid scheme through Dogecoin. At the same time, it asked the court to ban Musk from promoting Dogecoin.