Evan Shelkie / Staff reporter
In the recent weeks, the stock markets have been hot in stocks such as Gamestop, AMC and Blackberry as well as many others. A lot of these surges in prices are influenced by social media groups such as Wall Street Bets.
And now the cryptocurrency called Dogecoin has spiked due to a Twitter post by Elon Musk, the CEO of Tesla and SpaceX.
His tweet was a single word, “Doge” which caused dogecoin to go up over 50%, but then fall down quickly after. His following tweets were “ur welcome”, “Doge is the peoples crypto” and “No highs, no lows, only doge”
Cryptocurrency and stock trading is becoming more available and more appealing to new and young investors getting into it through social media groups on platforms like Twitter and Reddit. These investors sometimes choose what they invest in based on memes and posts by people like Elon Musk an seen above.
these meme stocks and cryptocurrency have been a main focus to the at-home investor during the Covid-19 pandemic.