Elon Musk raises the value of a ‘token’ by more than 500% in half an hour with a single tweet

Published:

15 ene 2022 16:37 GMT

As a result of the businessman’s tweet, the price of DOJO exceeded 0.000000049 dollars.

The price of the DOJO ‘token’ increased more than 500% in just half an hour following the CEO of Tesla and SpaceX, Elon Musk, wrote this Thursday the word ‘Dojo’ in a Tweet.

Following the publication of the tweet, the price of the DOJO surpassed $0.000000049. In November 2021, the ‘altcoin’ updated its all-time high above $0.000037.

Since then, the digital currency, operated by a decentralized organization, has dropped in price by more than 99%. This Saturday your value was $0.000000011.

What is the relationship between Musk and DOJO?

The reality, however, is that there is no relationship between the two, since Musk wrote the word ‘Dojo’ in response to a tweet that said: “Maybe one day, when we have graphics processors that do sparse tensor calculations efficient, scarcity can really reduce the calculation.

In June of last year, Tesla presented a supercomputer designed to improve its autonomous driving systems, which has been defined by the company as the fifth most powerful in the world. The project is a step forward in the development of Dojo, a “beast” that Elon Musk claimed will become the fastest supercomputer on the planet, surpassing Japan’s Fugaku.

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