The Impact of an Elon Musk Tweet on Dogecoin

Essay aus dem Jahr 2022 im Fachbereich Informatik - Angewandte Informatik, Note: 1.5, Universität Basel, Sprache: Deutsch, Abstract: This paper investigates the impact of an Elon Musk tweet on Dogecoin. It’s remarkable to observe such a contrast between tweets and Dogecoin investment in the investigated time frame. Regular tweeting about Dogecoin attracted some attention to the cryptocurrency; however, its value is still below 1 USD. The results show that a hashtag’s overall attitude doesn’t have the instant impact the media wants to describe, but it’s still noticeable.