How many do you remember? Meanwhile, Spaces became a popular forum for in-depth conversations about the values that underpin the industry\u2026 and they\u2019ve often attracted some pretty big names.<\/p>\n
There have also been times when the posts (ahem, tweets) have had a huge and sudden impact on the crypto markets\u2026 and not always in a good way. Of course, he now owns X.<\/p>\n
Who knew three little words could make such a huge difference? DOGE was on the brink of an incredible bull run that would see its price peak at $0.7376 \u2014 and incidentally, the top was reached when Musk called it a \u201chustle\u201d on Saturday Night Live.<\/p>\n
It remains one of the biggest cryptocurrencies by market capitalization to this very day. A surge from $32,000 to beyond $38,000 \u2014 almost 20% \u2014 happened in a few hours.<\/p>\n
Such sudden and substantial increases are pretty rare these days. Just like Bitcoin\u2019s volatility can work both ways, so can Musk\u2019s posts.<\/p>\n
It led to a stomach-churning 19% drop in BTC\u2019s value, from $58,000 to $47,000. Musk was arguably DOGE\u2019s biggest booster in 2021.<\/p>\n
This post delivered in February of that year another 50% bump \u2014 from $0.04 to $0.06 \u2014 and garnered a cool 100,000 retweets. How many people do you think saw that and learned about Dogecoin for the first time?<\/p>\n
Sometimes, he ended up moving the markets in pretty unpredictable ways. SHIB ended up tripling in value off the back of five little words and a hashtag.<\/p>\n
Even now, it remains the 11th-biggest cryptocurrency in the world with a market cap that far exceeds some established companies. DOGE rallied by 43% off the back of this post alone in December 2021, with Musk adding a previously lacking layer of utility by accepting it as a payment method.<\/p>\n
All of these tweets came within four weeks of each other \u2014 and undoubtedly played an instrumental role in DOGE\u2019s unlikely rally to a market cap that even (temporarily) exceeded some of the world\u2019s oldest banks. Each delivered double-digit gains \u2014 with \u201cno highs, no lows, only Doge\u201d doing particularly well and securing a 50% bump.<\/p>\n
But as the old saying goes, all good things must come to an end.<\/p>\n","protected":false},"excerpt":{"rendered":"
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