Dogecoin's price jumped as high as 35% after Elon Musk tweeted 'Dogecoin to the Moooonn' in a …

Dogecoin jumped as much as 35% in 24 hours as Tesla CEO Elon Musk tweeted about the cryptocurrency. The cryptocurrency’s price later dropped again before climbing back to about 25% gains. Year-to-date returns on the meme-based cryptocurrency were about 1,032.91%, according to CoinDesk.  Visit the Business section of Insider for more stories. Elon Musk, chief executive at Tesla and SpaceX, drove the price of Dogecoin cryptocurrency by as much as 35% higher with a series of tweets late Saturday. The digital currency hit an all-time high of $0.065448, up about 35% from its 24-hour low of $0.048356, according to CoinDesk. The cryptocurrency’s price later dropped again before climbing back to about 25% gains.Year-to-date returns on the cryptocurrency were about 1,032.91%, the site said. The cryptocurrency had a market capitalization of about $7.81 billion early Sunday. Musk on Saturday night posted a Twitter poll, asking his 45.8 million followers to choose “the future currency of Earth.” He gave two options: “Dogecoin to the Moooonn” or “All other crypto combined.” The poll resulted in 71.3% of the 2.4 million voters saying that “Dogecoin to the Moooonn” would be the future of currency. Read more: Investors are flocking to trade Dogecoin and other hot digital tokens on Voyager, a…
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