{"id":1777,"date":"2021-12-15T02:33:55","date_gmt":"2021-12-15T02:33:55","guid":{"rendered":"http:\/\/egrowonline.com\/?p=1777"},"modified":"2021-12-15T02:33:55","modified_gmt":"2021-12-15T02:33:55","slug":"dogecoin-news-why-did-doge-spike-will-it-last","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=1777","title":{"rendered":"Dogecoin news: Why did Doge spike? Will it last?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p id=\"PSx4GN\"><a target=\"_blank\" href=\"https:\/\/www.deseret.com\/2021\/12\/5\/22815913\/dogecoin-cryptocurrency-market-expert-says\" rel=\"noopener\">Dogecoin<\/a> saw a massive spike Tuesday after <a target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1470703708677840896\" rel=\"noopener\">Tesla CEO Elon Musk<\/a> tweeted about the cryptocurrency token, revealing that it might have a big future.<\/p>\n<ul>\n<li id=\"i44ZJr\">The coin jumped 20% Tuesday morning.<\/li>\n<\/ul>\n<p id=\"pcxXxL\"><a target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1470703708677840896\" rel=\"noopener\">Musk<\/a> tweeted that Tesla would accept dogecoin as payment for some merchandise, giving the coin another real-world use.<\/p>\n<ul>\n<li id=\"OE1etm\">\u201cTesla will make some merch buyable with Doge &amp; see how it goes,\u201d <a target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1470703708677840896\" rel=\"noopener\">Musk said on Twitter.<\/a>\n<\/li>\n<li id=\"Z2kWJ7\">Musk has long promoted Dogecoin, mentioning it during an appearance on \u201cSaturday Night Live\u201d in the summer, which caused a separate spike for the coin.<\/li>\n<\/ul>\n<aside id=\"4ncYzr\">\n<\/aside>\n<p id=\"GyM9rj\">Dogecoin \u2014 like other meme-based cryptocurrencies such as Shiba Inu coin \u2014 often relies on social media hype and chatter to see its value rise. When more people talk about it, more people invest in the coin, leading to an increased value in the coin.<\/p>\n<ul>\n<li id=\"mAJhay\">\u201cTweets from Musk and surging interest from a wave of amateur investors fueled a speculative frenzy in the cryptocurrency earlier this year, driving its price higher,\u201d per <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/12\/14\/dogecoin-price-surges-after-elon-musk-tweet-about-tesla-merch.html\" rel=\"noopener\">CNBC.<\/a>\n<\/li>\n<\/ul>\n<p id=\"tGF8qo\">Musk\u2019s tweet aligns with advice from <a target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1389004117075533827\" rel=\"noopener\">Dallas Mavericks owner Mark Cuban<\/a>, who said in May that the Dogecoin crypto token needs to gain utility in order to find success. Cuban allows people to buy items at the Dallas Mavericks team store using Dogecoin.<\/p>\n<ul>\n<li id=\"VpiJFK\">\u201cMeme coins like Doge only work if they gain utility and users use them for that utility,\u201d <a target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1389004117075533827?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1389004117075533827%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.deseret.com%2F2021%2F5%2F4%2F22417166%2Fdogecoin-mark-cuban-opinion-currency\" rel=\"noopener\">he tweeted.<\/a>\n<\/li>\n<li id=\"hmVC54\">\u201cAs long as more companies take doge for products\/services, then Doge can be a usable currency,\u201d <a target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1389004117075533827?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1389004117075533827%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.deseret.com%2F2021%2F5%2F4%2F22417166%2Fdogecoin-mark-cuban-opinion-currency\" rel=\"noopener\">he tweeted.<\/a>\n<\/li>\n<\/ul>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.deseret.com\/2021\/12\/14\/22833985\/dogecoin-spike-tesla-ceo-elon-musk-payment\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin saw a massive spike Tuesday after Tesla CEO Elon Musk tweeted about the cryptocurrency token, revealing that it might have a big future. The coin jumped 20% Tuesday morning. Musk tweeted that Tesla would accept dogecoin as payment for some merchandise, giving the coin another real-world use. \u201cTesla will make some merch buyable with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[291,85,111,1760],"class_list":["post-1777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-news","tag-spike"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/Dogecoin_6.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1777"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1777\/revisions"}],"predecessor-version":[{"id":1779,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1777\/revisions\/1779"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/1778"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1777"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}