{"id":327236,"date":"2021-11-29T09:52:56","date_gmt":"2021-11-29T09:52:56","guid":{"rendered":"http:\/\/yorunoteiou.com\/?p=327236"},"modified":"2021-11-29T09:52:56","modified_gmt":"2021-11-29T09:52:56","slug":"327236","status":"publish","type":"post","link":"https:\/\/yorunoteiou.com\/?p=327236","title":{"rendered":""},"content":{"rendered":"<p class=\"mol-para-with-font\"> has again touted DogeCoin, saying the meme cryptocurrency is &#8216;literally&#8217; going to the moon after buying an undisclosed amount for his young son.<\/p>\n<p class=\"mol-para-with-font\">The Tesla CEO on Wednesday morning tweeted a cartoon showing the Shiba Inu dog from the meme that inspired Dogecoin on the lunar surface, adding the remark, &#8216;on the actual moon.&#8217;<\/p>\n<p class=\"mol-para-with-font\">&#8216;Going to the moon&#8217; is internet slang used by small traders to predict that a particular asset will greatly increase in value.\u00a0<\/p>\n<p class=\"mol-para-with-font\">Musk has been tweeting relentlessly this month promoting the &#8216;joke&#8217; cryptocurrency, and the price of Dogecoin jumped once again after his latest salvo.The coin was up 21 percent in 24 hours on Wednesday morning, at\u00a0$0.057252, with total gains for the year of more than 890 percent.\u00a0<\/p>\n<div class=\"artSplitter mol-img-group mol-hidden-caption\" style=\"style\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p>  <img id=\"i-fbb93b079a7d688f\" height=\"508\" width=\"634\" alt=\"\" class=\"blkBorder img-share\" \/>  <\/div>\n<p class=\"imageCaption\">\n<\/div>\n<div class=\"artSplitter mol-img-group\" style=\"style\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p>  <img id=\"i-4d333adced80a342\" height=\"335\" width=\"634\" alt=\"Musk again tweeted about Dogecoin on Wednesday, saying it is 'literally' going to the moon\" class=\"blkBorder img-share\" \/>  <\/div>\n<p class=\"imageCaption\">Musk again tweeted about Dogecoin on Wednesday, saying it is &#8216;literally&#8217; going to the moon<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\" style=\"style\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p>  <img id=\"i-f3e9c9620e555c1d\" height=\"423\" width=\"634\" alt=\"Musk has been tweeting relentlessly this month promoting the 'joke' cryptocurrency, and the price of Dogecoin jumped once again after his latest salvo\" class=\"blkBorder img-share\" \/>  <\/div>\n<p class=\"imageCaption\">Musk has been tweeting relentlessly this month promoting the &#8216;joke&#8217; cryptocurrency, and the price of Dogecoin jumped once again after his latest salvo<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\" style=\"style\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p>  <img id=\"i-607c60ac7e5e21b9\" height=\"526\" width=\"634\" alt=\"Dogecoin is up more than 890% this year, after long trading at less than one cent\" class=\"blkBorder img-share\" \/>  <\/div>\n<p class=\"imageCaption\">Dogecoin is up more than 890% this year, after long trading at less than one cent<\/p>\n<\/div>\n<div>\n<div data-track-module=\"am-related_carousel^related_carousel\" data-track-selector=\".rotator-panels a:not([class*=external])\" data-dm-rotator-rotate=\"false\" data-track-pos=\"static\" data-preferred-shared-network-enabled=\"\" data-dm-rotator-auto-init=\"\" id=\"p-26\" class=\"related-carousel with-fb-or-tw news half\" data-dm-rotator-active-class=\"active\" data-dm-rotator-page-count=\"1.0\" data-dm-social-article-auto-init=\"\" data-dm-rotator-page-size=\"1\">\n<div class=\"rotator bdrcc\">\n<div class=\"rotator-title\">\n<h2>RELATED ARTICLES<\/h2>\n<ul class=\"rotator-pages link-xocc\">\n<li class=\"rotator-prev\"><\/li>\n<li><\/li>\n<li class=\"rotator-next\"><\/li>\n<\/ul><\/div>\n<ul class=\"rotator-panels link-bogr1 linkro-ccox\">\n<li>   <\/li>\n<\/ul><\/div>\n<p><u><\/p>\n<div class=\"fb\"><\/u><\/p>\n<p><h2>Share this article<\/h2>\n<\/p>\n<p><div class=\"share\"><span class=\"wai\">Share<\/span><\/div>\n<\/p>\n<\/div>\n<\/div><\/div>\n<p class=\"mol-para-with-font\">Although it&#8217;s not clear if Musk literally meant &#8216;literally&#8217; when referring to Dogecoin on the moon, he&#8217;s one of the few people who could actually make that happen. Musk&#8217;s SpaceX has been developing systems to return to the moon by 2024 under a contract with NASA.\u00a0<\/p>\n<p class=\"mol-para-with-font\">Musk first started tweeting about Dogecoin on February 4 and the cryptocurrency&#8217;s price has been surging ever since, sparking concern over the billionaire&#8217;s ability to move markets.\u00a0<\/p>\n<p class=\"mol-para-with-font\">Asked by a Twitter follower why he was such a fan of Dogecoin, Musk responded: &#8216;I love dogs &amp; memes.&#8217;\u00a0<\/p>\n<p class=\"mol-para-with-font\">DogeCoin has similar technical underpinnings as better-known cryptocurrencies such as Bitcoin, but is little used and had long traded for less than one cent.\u00a0<\/p>\n<p class=\"mol-para-with-font\">It was created in 2013 as a joke mocking the proliferation of new cryptocurrencies and based on a then-popular internet meme of a Shiba Inu dog.<\/p>\n<p class=\"mol-para-with-font\">Earlier this month, Musk revealed that\u00a0that he had purchased an undisclosed amount of Dogecoin for  <a href=\"https:\/\/www.bloglovin.com\/@shohag11\/bitget-kcgi-competition\">\ube44\ud2b8\uac9f \ud0b9\uc2a4\ucef5<\/a> his nine-month-old son\u00a0X \u00c6 A-Xii, who he shares with musician Grimes.\u00a0<\/p>\n<p class=\"mol-para-with-font\">&#8216;Bought some Dogecoin for lil X, so he can be a toddler hodler,&#8217; he tweeted alongside a video of his son sitting on the floor.\u00a0<\/p>\n<p class=\"mol-para-with-font\">&#8216;Hodl&#8217; is an intentionally misspelled phrase used in the context of\u00a0cryptocurrency to refer to buy-and-hold strategies.\u00a0<\/p>\n<div class=\"artSplitter mol-img-group\" style=\"style\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p>  <img id=\"i-6ebdf84a2103a078\" height=\"526\" width=\"634\" alt=\"A 24-hour view of Dogecoin price shows the price spike after Musk's tweet at 8am\" class=\"blkBorder img-share\" \/>  <\/div>\n<p class=\"imageCaption\">A 24-hour view of Dogecoin price shows the price spike after Musk&#8217;s tweet at 8am<\/p>\n<\/div>\n<div class=\"artSplitter mol-img-group\" style=\"style\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p>  <img id=\"i-872e4a7c965bcf26\" height=\"651\" width=\"634\" alt=\"'Bought some Dogecoin for lil X, so he can be a toddler hodler,' Musk tweeted alongside a video of his son sitting on the floor\" class=\"blkBorder img-share\" \/>  <\/div>\n<p class=\"imageCaption\">&#8216;Bought some Dogecoin for lil X, so he can be a toddler hodler,&#8217; Musk tweeted alongside a video of his son sitting on the floor<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">It is not clear how much cryptocurrency Musk purchased, or when he bought it.\u00a0<\/p>\n<p class=\"mol-para-with-font\">Musk made his enthusiasm for cryptocurrency clear after Tesla revealed a $1.5 billion investment in Bitcoin, which reached record highs on the news but has since pared gains, dragging Tesla shares to a loss for the year on Tuesday.<\/p>\n<p class=\"mol-para-with-font\">On Wednesday morning, Bitcoin was trading above $49,000, up about 2 percent in 24 hours and 68 percent so far this year.Bitcoin has a market capitalization of about $920 billion, compared to Dogecoin&#8217;s total value of about $7.35 billion.\u00a0<\/p>\n<p class=\"mol-para-with-font\">Musk has been tweeting relentlessly about Dogecoin since February 4, which was subsequently followed by endorsements from rapper Snoop Dogg and Kiss rocker Gene Simmons.\u00a0<\/p>\n<p class=\"mol-para-with-font\">Musk&#8217;s first Dogecoin tweets on February 4 included a picture of a rocket soaring past the moon with the caption &#8216;Doge,&#8217; and an image from the Lion King that showed himself holding up the dog from the Doge meme.\u00a0<\/p>\n<p class=\"mol-para-with-font\">&#8216;Dogecoin is the people&#8217;s crypto,&#8217; another tweet read.&#8217;No need to be a gigachad to own.&#8217;<\/p>\n<p class=\"mol-para-with-font\">&#8216;No highs, no lows, only Doge.&#8217;<\/p>\n<div class=\"artSplitter mol-img-group mol-hidden-caption\" style=\"style\">\n<div class=\"mol-img\" style=\"height: auto\">\n<div class=\"image-wrap\">  <\/div>\n<p>  <img id=\"i-789346db30719d4a\" height=\"676\" width=\"634\" alt=\"\" class=\"blkBorder img-share\" \/>  <\/div>\n<p class=\"imageCaption\">\n<\/div>\n<div class=\"artSplitter mol-img-group mol-hidden-caption\" style=\"style\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p>  <img id=\"i-14e95a97ccfbb072\" height=\"173\" width=\"631\" alt=\"\" class=\"blkBorder img-share\" \/>  <\/div>\n<p class=\"imageCaption\">\n<\/div>\n<div class=\"artSplitter mol-img-group\" style=\"style\">\n<div class=\"mol-img\">\n<div class=\"image-wrap\">  <\/div>\n<p>  <img id=\"i-9f618b7e79c0db5d\" height=\"158\" width=\"632\" alt=\"\" class=\"blkBorder img-share\" \/>  <\/div>\n<p class=\"imageCaption\">\u00a0Musk has been tweeting relentlessly about Dogecoin since February 4<\/p>\n<\/div>\n<p class=\"mol-para-with-font\">Musk has previously drawn sanctions for the Securities and Exchange Commission for his material tweets about Tesla, where he is CEO and a major shareholder.<\/p>\n<p class=\"mol-para-with-font\">He settled with the SEC over the complaints, which were spurred by a tweet musing about taking the company private,  \ube44\ud2b8\uac9f \ud0b9\uc2a4\ucef5 and another sharing production projections.<\/p>\n<p class=\"mol-para-with-font\">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.<\/p>\n<p class=\"mol-para-with-font\">Cryptocurrencies are not regulated in the same way, and  \ube44\ud2b8\uac9f \ud0b9\uc2a4\ucef5 Musk&#8217;s tweets about DogeCoin are unlikely to be a violation of any law or regulation, regardless of whether he owns the cryptocurrency.\u00a0<\/p>\n<p class=\"mol-para-with-font\">However, venture capitalist Nic Carter told<\/p>\n","protected":false},"excerpt":{"rendered":"<p>has again touted DogeCoin, saying the meme cryptocurrency is &#8216;literally&#8217; 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