Popular crypto investor Elon Musk on Thursday tweeted about Dogecoin which sent prices up by double digits, CNBC reported.

Dogecoin/tetherUS chart
  • Tesla Inc. Chief Executive Officer Elon Musk took to Twitter to mention Dogecoin, a cryptocurrency which started out a joke.
  • Musk posted a photo with the word “cyberviking” and captioned it with “How much is that Doge in the window?”
  • Hours after Musk’s tweet the price of Dogecoin was up 16% to 42 cents.
  • Musk, who has been vocal about his ventures in crypto space, has frequently posted about Dogecoin.
  • The billionaire earlier said he was in coordination with developers to improve the cryptocurrency.
  • During his “Saturday Night Live” hosting stint earlier this month, Musk described Dogecoin as a “hustle” but indicated the speculative nature of its valuation. 

DOGE/USD is up 48.47%