Elon Musk sent the price of Dogecoin flying throughout various tweets in 2021. The mere mention of a crypto or altcoin could send coins flying to the moon, and Elon Musk was fittingly given the moniker ‘Elon Moonsk’.
In May of 2021, Elon Musk appeared on Saturday Night Live. The price of Dogecoin soared before his appearance, falling as soon as the episode aired the traders sold to lock in their profits(Another case of ‘buy the rumor, sell the news’.
Elon Musk was named Time’s Person of the Year and had a major influence on both the price of Tesla stock as well as crypto markets. At one point, Tesla began accepting Bitcoin as a payment method for Tesla’s before retracting their decision and deciding that he didn’t want to contribute to energy waste…. for now.
2021 was definitely a wild ride for crypto.
The price of Bitcoin and many other coins was tumultuous to say the least but many traders ended up with some nice profits.
Price aside, many new and existing projects are out there accomplishing amazing things.
What do you think? Will 2022 be an even better year or will we see yet another crypto winter?