This is undoubtedly the wake-up call the cryptocurrency market needed.
Now, will this be enough to stabilize prices, the next few hours will tell, but there are still many questions, especially about the solvency of many crypto projects and firms.
Elon Musk, the CEO of Tesla (TSLA) - Get Tesla Inc. Report, and one of the biggest influencers in the world gave his support on June 19 to the crypto industry and more particularly to the meme coin Dogecoin.
"I will keep supporting Dogecoin," Musk tweeted to his nearly 99 million followers on June 19.
Then followed an exchange with a user who told Musk that he should therefore continue to buy Dogecoin if he really supported the token.
To which Musk responded: "I am," suggesting that he's buying the dip.
Prices Are Rebounding
Musk's tweet caused a real rebound in the market, which saw the post of the richest man in the world as a sign of renewed confidence in cryptocurrencies while there are many questions about the future of many projects...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...