Dogecoin being hyped up by billionaires Mark Cuban and Elon Musk are my main thesis as to why the coin as shot up to the stratosphere this week.
Mark Cuban
https://twitter.com/mcuban/status/1382170216986120193
- mcuban
On April 13 of this week Mark openly disclosed on Twitter that he currently held 550,000 Dogecoins to date. He got the coins through sell of sports team Dallas Mavericks merchandise. At the time Dogecoin was approximately $0.07 per Dogecoin, per coinmarketcap.com:
Essentially Mark's sales in Dogecoin has now netted him a profit of +520%. Now Mark also said he will not sell a single Dogecoin and is expected to hold for a long time to come. In a Youtube interview he did over a month ago he openly mentioned he was going to hold Dogecoin until it hits $1 USD. The interview is very causal but Mark talks about Dogecoin, NFTs, and especially how much he hates the Security Exchange Commissions. Yes a boat load of trading info, and still very informative today.
YouTube Video of Mark Cuban saying he is hloding until Doge is $1.
Elon Musk Twits on Dogecoin
https://twitter.com/elonmusk/status/1382552587099062272
- elonmusk
As of early this morning Elon Musk twitted his enthusiasm for Dogecoin. He has been very vocal from the beginning that he believes Dogecoin would rise.
A picture is worth a thousand words. As two billionaires and successful entrepreneurs openly support a meme coin. One has to wonder how far higher in price can Dogecoin get?
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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