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July 18 (Xinhua) -- Hackers have hacked Elon Musk's Twitter feed over the past two days and posted scams involving Bitcoin, according to NewsBTC. The account is now back to normal, and when a Twitter fan asked him "Where's my bitcoin," Elon Musk quipped, "Excuse me, I only sell Dogecoin." Minutes after his comments, he posted a picture on Twitter showing a "Dogecoin Standard" sandstorm sweeping through a city labeled the "global financial system."

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Due to the wild spread of a Dogecoin challenge video on the short video platform TikTok, the price of Dogecoin increased by 50% within 24 hours. As of press time, its price is $0.042, since October 2018 The highest price. In this regard, Dogecoin Twitter warned traders not to engage in speculative activities. Dogecoin said, "Please make the right choice and don't be influenced or manipulated by others' FOMO. Be safe. Be smart."

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The price of Dogecoin soared from $0.00229 to $0.0029 in 24 hours, an overnight surge of 26%. With the market capitalization growing from $287 million to $357 million, Dogecoin has climbed to the 33rd largest cryptocurrency. It is reported that this skyrocketing is related to a challenge of short video TikTok. Five days ago, a Tik Tok user named James Galante posted a video titled "Make Us All Rich". In the video, he recommends that everyone invest $25 in Dogecoin, because it is worthless ($0.0023). When it reaches $1, investors will have $10,640. As of press time, the video has received 57,100 likes and nearly 4,000 comments. (AMBCrypto)

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BTC will act as the parent chain, while ELA will act as the secondary chain. The partnership enables BTC and AntPool miners to use the Auxpow Consensus to jointly mine BTC and ELA.

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Unlike Bitcoin, Dogecoin is a virtual currency designed to cross geographical boundaries and unite owners, while Dogecoin has its own name, Doge Meme, which is its symbol.