- Vitalik Buterin invited Elon Musk for a scheduled Ethereum Devcon
- Ethereum (ETH) market price saved by Elon Musk from consistent dip in price
Elon Musk, founder of Tesla and SpaceX, is a notable personality in the world of technology and scientific invention and his bit of interest in cryptocurrency has made his words weighty in the ears of crypto enthusiasts. Elon Musk’s recent one word tweet about Ethereum (ETH) has suddenly boosted the market price of the digital currency.
Elon Musk is an obvious fan of Dogecoin (DOGE) which has greatly imparted the market price of the coin that came to being through internet meme.
Whenever he gives positive remark on any digital currency, the effect of his comment will concurrently reflect on the market value of such cryptographic project. This and other features make him a notable body in the crypto sphere.
The tech big gun has recently shifted his attention on Vitalik Buterin’s cryptocurrency, Ethereum (ETH). The level of being influential corresponds to the rate at which one’s word spreads and the impact the spoken word is likely to make. Musk only shared the word “Ethereum” on twitter and the strength of his tweet imparted ETH market price almost immediately.
— Elon Musk (@elonmusk) April 30, 2019
The simple word tweeted by Elon Musk has garnered 107,000 likes, 9200 retweets, 4800 comments at press time.
Meanwhile, Vitalik Buterin, co-founder of Ethereum responded to Musk’s post on twitter in a quick succession, inviting him to Ethereum Devcon scheduled to hold later this year. It seemed Buterin knew the impact the tech giant’s tweet would make on ETH market price, which could have triggered the invitation. In fact, the market price of the cryptocurrency jumped to a 7-day high as a single word saved it from its consistent dip in price.
Dogecoin (DOGE) Enthusiasts Elected Elon Musk as CEO
The influence Elon Musk has on cryptocurrency and crypto sphere in general got him an extra appointment as CEO of the invented coin, Dogecoin (DOGE).
About a month ago, Dogecoin (DOGE) took to twitter to launch an update, expressing it needs for a competent CEO that would lead the cryptographic project to an expected end.
The tweet was shared in the form of opinion poll, bidding it users to vote for the personality they think is most suitable for the capital responsibility. Those on the list were Vitalik Buterin, Charlie Lee, Elon Musk and Marshall Hayner.
We have listened to your concerns. We have decided that Dogecoin does need a CEO. Someone who can lead us into the future while maintaining the core values of what we are.
— Dogecoin (@dogecoin) April 1, 2019
At the end of the poll, Elon Musk won by 54%, and was immediately declared the CEO of Dogecoin (DOGE) but stepped down in less down 24 hours.
In conclusion, all cryptocurrencies toil daily for global recognition and adoption; knowing the impact an influential personality like Elon Musk can have on their digital assets, it is not strange seeing most of them trying to incorporate him into their cryptographic projects.