The price of the meme crypto Dogecoin has once again experienced a significant rise thanks to Elon Musk.
Thus, the price of the coin posted a 7% increase shortly after Musk made mention of the altcoin on his Twitter profile.
This time, the Tesla CEO tweeted “Dojo 4 Doge,” mentioning the company’s DOJO supercomputer for training neural networks.
As if this were not enough, Musk has also included the word “meta fork” in his profile description and has placed a picture of a fork in his profile, clearly alluding to cryptocurrency forks and thus giving rise to the belief that he is an advocate of cryptocurrency forks such as Bitcoin Cash or Ethereum Classic.
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It must be noted the first mention of the Tesla DOJO computer was made back in April 2019, and very little has been said about it since then.
A user on the popular Internet forum Reddit has even suggested Tesla’s computer could work with Dogecoin in some way, however, this is just an unfounded assumption.
Elon Musk has made several mentions of the cryptocurrency sector recently that have led to significant price spikes. He recently revealed Tesla had made a $1.5B investment in Bitcoin, which triggered a sharp rise in the price of the crypto.
It is worth noting at the moment the currency’s growth has slowed to 0.17%, so the influence of Musk’s tweet has almost disappeared.