With a single tweet, Elon Musk skyrockets the cryptocurrency industry.

Successful businessman Elon Musk continues to maintain his spot on the agenda with his social media posts. Billionaire Elon Musk responded to the creator of Dogecoin in a post on his twitter account, noting that the cryptocurrency DOGE has the potential to become a fiat currency. With this tweet, the DOGE coin price jumped.

Dogecoin creators IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer cited the reason for creating this coin as a peer-to-peer cryptocurrency that can reach a wider demographic than Bitcoin. Elon Musk, who is also an advocate of other meme tokens like Bitcoin and Shiba Inu, sees this potential in Dogecoin. Tesla CEO Elon Musk reiterated his support for Dogecoin, claiming it has the potential to become a currency in a recent tweet. Elon Musk said in an interview he gave in the past months, "Fate loves irony. Dogecoin was originally invented as a joke to make fun of the cryptocurrency. What would be the most ironic outcome? The currency that started out as a joke is actually becoming the real currency." The dogecoin tweet by successful businessman Musk caused an increase in the dogecoin price. While the crypto markets have been correcting since May 5, it was stated that Dogecoin is currently on a daily basis. While Bitcoin was trading on the green board, with Bitcoin exceeding $ 30,000 days later in the crypto money market, DOGE managed to rise from $ 0.074 to $ 0.0942, which it saw during the day, and recorded a value of almost 25 percent.