Elon Musk Continues To Move Crypto Prices By His Tweets; This Time Positively

Elon Musk, Tesla's CEO, who even drew criticism and hatred from bitcoin and other altcoin investors and aficionados, for irrationally influencing cryptocurrency prices, is not seen stopping on his twitter posts on the digital currency tokens.

Elon Musk Continues To Influence Crypto Prices By His Tweets; This Time Positively

This has not only created a mere chaos in the cryptocurrency universe but slowly and steadily Elon Musk's followers are losing faith in him.

In his latest tweet on his twitter handle @elonmusk, Elon Musk has sought opinion on Dogecoin currency.

This Dogecoin currency which started as a meme currency reached its all time high in Mid-April at the same time when Bitcoin also reached a sub-$65K level. Referring to the Dogecoin, from the all time high of 10 cents, the Dogecoin is currently quoting at $0.3, down 24 percent on a weekly basis as per coinmarketcap.com. Though, the meme currency is up for the day by as much as 9 percent.

The surge in cryptocurrency prices from bitcoin to Ripple (XRP) of up to 18 percent on XRP is following again Elon Musk's comments who stated that he had "potentially promising talks" with Bitcoin miners from N. America on the energy conservation efforts in relation to mining of the cryptocurrency.

"Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising," he wrote.

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