Dogecoin Value Jumps After Elon Musk Announces It as Currency For Tuition at Fictional University

Following Musk’s tweet, Dogecoin recorded a jump in prices, coinciding with 23:50 PM IST (GMT+5:30). The price of the cryptocurrency shot up from $0.25 to $0.28 minutes after Elon Musk’s tweet. Dogecoin spin-off cryptocurrency Shiba Inu, also recorded a slight jump a few hours after Musk’s tweet, according to Coindesk data.