Last Updated on May 15, 2021 by Karan
The market for cryptocurrencies is favorable to investors at the moment. The interest of investors in the digital currency market is constantly increasing. Nowadays, the tendency of investors to invest has increased towards cryptocurrency. One such 33-year-old man became a millionaire by investing in the cryptocurrency Dogecoin. Let us say that cryptocurrency is currently available in the market. But there are some cryptocurrencies that are in the spotlight. One of them is Dogcoin and it has been in the news for some time now, following a tweet from Tesla owner Alan Musk.
Friends have fun ‘
In February, her friends were worried when Glauber Contesoto, who lives in Los Angeles, decided to invest all her life savings in Dogecoin. “All my friends told me not to put money into crypto, there’s a fear of sinking money into it,” Gleber says. He even called me crazy. I also jokingly invested in digital currency in February and then forgot about it. He says, however, that Dogecoin was like a meme for people who were making fun of him, but I got a lot of money out of these memes.
I make big investments when the market is down
“I’m not afraid to take risks,” Gleber says. I have always seen the market decline as a better opportunity. I always invest more and more capital in times of decline. I believe that when the market is collapsing, you sit back and invest, it will definitely grow over time and benefit you. That said, I read a red thread about the potential of Dogecoin in February, then I decided to invest in it and started investing with my credit card. That said, I have invested about 250 250,000 by borrowing some of my capital and some from the market. A few days later, Alan Musk tweeted about Dogecoin, after which its market value skyrocketed.
Tweak Bitcoin but benefit Dogecoin
Tesla owner Alan Musk took a U-turn on buying Tesla in the world’s largest cryptocurrency, Bitcoin. The price of Dogecoin has been rising and falling since the announcement by Musk’s company SpaceX to accept payments in Dogecoin and stop buying through Tesla’s Bitcoin. The price of Dogecoin has risen since Musk appeared at an event last week, but Musk then tweeted that the cryptocurrency that started with the meme was “hasty”, which led to a sharp drop in prices. However, now the price of Dogecoin has risen.
Alan Musk’s tweet raised the price of Dogecoin
Following a tweet by Musk on Friday, the price of Dogecoin has begun to rise. “Working with Dogecoin’s developers is improving the efficiency of system transactions,” he said in the tweet. There is a possibility. According to Trading View, after Musk’s tweets, Dogecoin’s value increased by 18% and its marketcap increased by 10 10 billion.