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Dogecoin's price jumped as high as 35% after Elon Musk tweeted 'Dogecoin to the Moooonn' in a Twitter poll on the future of crypto

Dogecoin's price jumped as high as 35% after Elon Musk tweeted 'Dogecoin to the Moooonn' in a Twitter poll on the future of crypto

Elon Musk.
Joe Raedle/Getty Images




Dogecoin jumped as much as 35% in 24 hours as Tesla CEO Elon Musk tweeted about the cryptocurrency.




The cryptocurrency's price later dropped again before climbing back to about 25% gains.




Year-to-date returns on the meme-based cryptocurrency were about 1,032.91%, according to CoinDesk.




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Elon Musk, chief executive at Tesla and SpaceX, drove the price of Dogecoin cryptocurrency by as much as 35% higher with a series of tweets late Saturday. The digital currency hit an all-time high of $0.065448, up about 35% from its 24-hour low of $0.048356, according to CoinDesk. The cryptocurrency's price later dropped again before climbing back to about 25% gains.Year-to-date returns on the cryptocurrency were about 1,032.91%, the site said. The cryptocurrency had a market capitalization of about $7.81 billion early Sunday. Musk on Saturday night posted a Twitter poll, asking his 45.8 million followers to choose "the future currency of Earth."
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