Elon Musk and other celebrities tweeted about a cryptocurrency named dogecoin inspired by the famous doge meme, resulting in its value increasing by 65% in 24 hours.
It’s market value on CoinMarketCap was $10.7 billion briefly on Sunday and its maket value is now approximately $9.5 billion. It currently ranks as the No.10 digital coin on the CoinMarketCap ranking. On Sunday the dogecoin hit a trading volume of $13.5 billion. Elon Musk has tweeted about the coin several times since its creation in 2013 after the then-popular doge meme. The coin features a Shibu dog and started out as a joke.
Other celebrities who have tweeted about the coin include American rapper Snoop Dogg and Gene Simmons from American Rock Band Kiss.