Cryptocurrencies: 12530
Markets: 58815
Market Cap: $942,583,128,025     
24h Vol: $56,002,898,106
Seeking Alpha 2021-05-14 11:42:03

Dogecoin races higher again after Elon Musk tweet

Dogecoin (DOGE-USD) pushes higher after Elon Musk is positive on the cryptocurrency once again. "Working with Doge devs to improve system transaction efficiency. Potentially promising," tweets Musk. Dogecoin is up 29.98% to $0.53 on 24-hour volume of $21.5B. The market cap of Dogecoin is just over $68B, which makes it more valuable than Moderna, MetLife and General Dynamics at the moment. Meanwhile, Tesla (TSLA) is up 2.88% on the day due largely to some investor optimism on a new battery supply deal in China. Some analysts think the cryptocurrency confusion from Musk and Tesla over the last week has weighed on the stock's valuation.

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