Dogecoin rose by 10% after Elon Musks tweet

The head of Tesla and SpaceX recalled the ownership of the "meme" cryptocurrency, as well as bitcoins and Ethereum

The price of the "meme" Dogecoin cryptocurrency on the Binance exchange rose by 10% to $0.12 after the altcoin was mentioned on Twitter by SpaceX and Tesla CEO Elon Musk. He asked subscribers what they think about the growth of inflation in the next few years. The discussion was joined by the head of Microstrategy, Michael Saylor, who predicted a massive flow of capital into scarce assets such as bitcoin.

According to Musk himself, during periods of high inflation, it is better to own real estate or shares of companies that produce good products. The entrepreneur also recalled that he owns bitcoins, Ethereum and Dogecoin and is not going to sell cryptocurrency.

At 10:40 Moscow time on March 14, Dogecoin is trading at $0.11, and its capitalization is $15.1 billion, according to CoinGecko. Altcoin ranks 13th in the list of the largest cryptocurrencies by capitalization. Over the month, the price of Dogecoin decreased by 21%.

In January, the Dogecoin rate rose sharply by 15%, after a tweet by Elon Musk, in which the businessman declared his readiness to eat a "Happy Meal" live if McDonalds starts accepting the "meme" cryptocurrency.

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