Cryptocurrency Dogecoin rose by more than 50% today, Thursday, after the American billionaire Elon Musk on Twitter expressed his support for it, two days after announcing that he would be away from the social networking site for "a while."
Dogecoin jumped to $ 0.05798, according to data on the blockchain and cryptocurrency site Coindesk.
The tweets of Tesla CEO Musk regarding some companies and digital currencies have led to a rise in their prices in the past weeks.
Shares of GameStop, Etsy, and CD Projekt jumped, after comments on his Twitter account about them.
The total market value of all digital currencies has exceeded a trillion dollars for the first time (Reuters)
In the world of digital currencies, Mask had put the hashtag "#bitcoin" (#bitcoin) on his Twitter account, until the most popular digital currency in the world rose last Friday, and he has since removed the tag.
Meanwhile, rival digital currency, ethereum, is experiencing a record highs-spree, as investors buy it before launching its futures contracts on the Chicago Mercantile Exchange next week.
Cryptocurrencies are gaining momentum as more mainstream investors come to them.
This enthusiasm boosted the total market value of all digital currencies to more than a trillion dollars, for the first time in early January.