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[/sciencetech/elon-musk/index.html Elon Musk]'s tweets about dogecoin continues to push the value of the 'meme cryptocurrency' even higher - as it's revealed Tesla has invested $1.5 billion in bitcoin and says the company will start accepting it as payment for cars 'in the near future'. <br>Dogecoin, which was largely created as a joke based on a popular internet meme, has surged 112 percent in the last week. The cryptocurrency was at a record high of $0.08097 - up 24 percent in 24 hours - on Monday, according to CoinMarketCap data. <br>Dogecoin's market value is now at $10.8 billion and is currently the 10th ranked coin on CoinMarketCap.<br>Musk first gave dogecoin a shout out on Twitter last week, which sent its price to record highs over the weekend and sparked concern over his ability to move markets. <br>Late on Sunday, in a fresh endorsement for the cryptocurrency, Musk tweeted: 'Who let the Doge Out' - mimicking lines from the Baha Men's song. <br>         Elon Musk's tweets about dogecoin are pushing the value of the 'meme cryptocurrency' even higher after the billionaire tweeted an instructional video and called it the future currency of earth<br>         <br>         Musk called it 'the future currency of Earth' after putting up a poll for his followers<br>         Musk first gave dogecoin a shout out on Twitter last week, which sent its price to record highs over the weekend<br>       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.<br>The coin has also since been endorsed by rapper Snoop Dogg and Kiss rocker Gene Simmons.<br>Snoop Dogg tweeted an image of a dog tagged 'Snoop Doge', while Simmons fired off a series of tweets including one that said: 'Woopie!!!<br><br>@dogecoin skyrocketing...to the moon. HODLE!' <br>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.    <br>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. <br>It was created in 2013 and based on a then-popular internet meme of a Shiba Inu dog. <br>It isn't clear if Musk owns any of the cryptocurrency.  <br>Musk's tweets last week in support of dogecoin included a picture of a rocket soaring past the moon with the caption 'Doge' and an image from the Lion King that showed himself holding up the dog from the doge meme. <br>'Dogecoin is the people's crypto,' another tweet read.<br><br>'No need to be a gigachad to own.'<br>'No highs, no lows, only Doge.'  <br>         <br>         The coin has also since been endorsed by rapper Snoop Dogg who tweeted an image of a dog tagged 'Snoop Doge'<br>         Kiss rocker Gene Simmons fired off a series of tweets including one that said: 'Woopie!!!<br><br>@dogecoin skyrocketing...to the moon. HODLE!'<br>         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<br>Musk has previously drawn sanctions for the Securities and Exchange Commission for his tweets about Tesla, where he is CEO and a major shareholder.<br>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.<br>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.<br>   RELATED ARTICLES  [# Previous] [# 1] [# Next]     [/news/article-9225081/Elon-Musk-breaks-brief-Twitter-silence-tout-meme-cryptocurrency-DogeCoin.html   Elon Musk breaks his very brief Twitter silence to tout... ] [/news/article-9236619/Tesla-stashes-1-5-bln-bitcoin-accept-payment-cars-soon.html   Bitcoin jumps 10% to a record $44,000 as Tesla invests... ]    <br><br><br><br>Share this article<br>Share<br><br><br>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.<br>Still, his ability to move markets at ease with his tweets has drawn both admiration and concern from observers. <br>DailyMail.com has contacted the SEC for comment. <br>It comes after Musk on Monday launched a pair of potential game-changing shifts for bitcoin after Tesla announced it had invested $1.5 billion and said it will start accepting the cryptocurrency as payment for its cars in the near future. <br>         Musk's tweets last week in support of dogecoin included a picture of a rocket soaring past the moon with the caption 'Doge' and an image from the Lion King that showed himself holding up the dog from the doge meme<br>         <br>         <br>казино</a> kindly visit the site.