'No need to be a gigachad to own.''No highs, no lows, only Doge.' The value of Dogecoin, which was created based on a popular dog meme, has surged 137 percent in the last week alone, according to CoinMarketCap data 'Bought some Dogecoin for lil X, so he can be a toddler hodler,' Musk tweeted alongside a video of his son sitting on the floorLate on Sunday, in a fresh endorsement for the cryptocurrency, Musk tweeted: 'Who let the Doge Out' - mimicking lines from the Baha Men's song. He also tweeted an instructional video, saying: 'Ð is for Ðogecoin!' and called it 'the future currency of Earth' after putting up a poll for his followers. Following the attention from Snoop and Simmons, Musk tweeted an image of the trio in which they had been superimposed on a scene from the Lion King.Dogecoin has the same technical underpinning as better-known cyrptocurrencies such as Bitcoin, but is little used and had long traded for less than one cent. RELATED ARTICLES
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It was created in 2013 and based on a then-popular internet meme of a Shiba Inu dog. Musk has previously drawn sanctions for the Securities and Exchange Commission for his tweets about Tesla, where he is CEO and a major shareholder.He settled with the SEC over the complaints, which were spurred by a tweet musing about taking the company private and another sharing production projections.Publicly traded companies are regulated in how they provide forward-looking statements, in order to ensure investors have equal access to news that can move share prices significantly. Musk has been tweeting relentlessly about Dogecoin since February 4 Cryptocurrencies are not regulated in the same way and Musk's tweets about dogecoin are unlikely to be a violation of any law or regulation, regardless of whether he owns the cryptocurrency.Still, his ability to move markets at ease with his tweets has drawn both admiration and новый адрес Омг concern from observers. Venture capitalist Nic Carter told
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