Elon Musk Investment in Top Cryptocurrencies

image Source Google – Los Angeles Times

Elon Musk Investment in Top Cryptocurrencies

Elon Musk’s tweets on cryptocurrency sparked a cryptocurrency “Dogecoin” that began as a joke. Aside from Bitcoin (the world’s largest cryptocurrency), not only has Dogecoin set a record and increased in value by approximately 1000 percent in the last three weeks, but a few other digital currencies such as Terra, Solana, and Carnado have also increased in value.

These digital currencies started rising high when the CEO of Tesla and SpaceX Elon Musk started talking and investing in them one by one. After making an investment of $1.5 billion on Bitcoin, Tesla announced accepting Bitcoin payments as well.  

Meanwhile, Musk invested in Dogecoin. 

Elon Musk bought Dogecoin for his baby. Yes, you read right! What Elon Musk tweeted about Dogecoin is

“Bought some Dogecoin for Lil X, so he can be a toddler hodler,” Musk wrote on Twitter.

However, a couple of days ago, Musk urged the largest dogecoin’s owners to sell most of their holdings by showing his concern on tweeter.  

“If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo (in my opinion)” he tweeted.

He further said:

“I will literally pay actual $ if they just void their accounts.”

After the world’s richest man, Elon Musk invested in top cryptocurrencies, the value of all cryptocurrencies skyrocketed above $1 trillion and investors are becoming more interested in digital currencies.