Dogecoin surges 68% in past week, Elon Musk jokes about it on Twitter

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The price of Dogecoin-like the rest of the cryptocurrency market-skyrocketed Apr.

In the midst of the rally, Elon Musk, founder and CEO of SpaceX and Tesla mentioned the meme cryptocurrency in a couple of tweets on Apr.

Dogecoin was created in 2013 by Jackson Palmer as a joke but it is now the 22nd ranked cryptocurrency by market cap.

The Dogecoin market cap stands at $414 million at the time of press.

Elon Musk attracts a lot of attention on Twitter and when he tweets anything crypto or Bitcoin-related, Crypto Twitter is quick to react and speculate about deeper meaning.

During the late 2017 bull run, Musk denied on Twitter that he was Satoshi Nakamoto after a former SpaceX employee wrote a medium post exploring the possibility.

The caption in the second tweet, "Dogecoin value may vary" appears to be a jest aimed at a 2017 Onion article which suggested that the drop in the bitcoin price meant the cryptocurrency had vulnerabilities.

Co/fkJ7AkqCIj for $4.20B. Funding secured.

The joke from Palmer was in reference to a tweet in which the Tesla CEO revealed that he had secured funding to buy back Tesla shares and take the company private.

Am considering taking Tesla private at $420. Funding secured.

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