Happy Birthday, Elon Musk: Dogecoin Prices Climb as Crypto Fans Celebrate the Dogefather


It truly is divine intervention that Elon Musk has the birth date of June 28. The billionaire behind Tesla (NASDAQ:TSLA) and SpaceX may have come up professionally in a serious world of tech and space. But, at the end of the day, he is a meme connoisseur at heart. And having a birthday 69 days after April 2o, or 4/20, is very fitting of that. As Twitter says “Happy birthday, Elon Musk,” Dogecoin (CCC:DOGE-USD) prices are being buoyed by the Dogefather.

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Things are quiet on Musk’s Twitter this morning. The man known for his meme sharing and crypto pumping must be sleeping in a bit on his birthday.

However, that doesn’t mean crypto Twitter is still asleep. Musk’s mother posted a baby photo of him with the hashtag #HappyBirthdayElonMusk, and the tag has led to thousands of tweets giving best wishes and thanking the man for his contributions to space exploration and renewable energy.

‘Happy Birthday, Elon Musk’ Tweets Bring Interest Back to Growing DOGE

Slim Jim prompted the more meme-laden birthday wishes with its #Dogefather tweet:

The results are thousands of posts from Dogecoin fanatics both wishing Musk well and speculating on whether the billionaire will pump the coin with a bullish tweet of his own.

Dogecoin is not up because of the birthday celebration, necessarily. However, the event does seem to evidence a renewed bullishness in crypto as the long downturns begin to reverse. Doge is up over 4% this morning, setting up camp above 25 cents. The crypto space in general is gaining as well; Bitcoin (CCC:BTC-USD) is up over 3% and Ethereum (CCC:ETH-USD) is gaining 9% today. Even Binance Coin (CCC:BNB-USD) is gaining 3.5% in the midst of its exchange’s unfortunate abandonment by the United Kingdom.

The well-timed celebration may be what cryptocurrency — or at the very least, meme coins — need to lift themselves past the hardships of the last month.

On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.





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