Elon Musk’s Twitter Comeback Sends Dogecoin Up Over $0.05

That was fast.

Billionaire entrepreneur Elon Musk was back on Twitter early Thursday only a day after signing off "for a while," tweeting nice things about Dogecoin that sent the cryptocurrency soaring.

Musk tweeted Wednesday that he was taking a break from the social media platform but didn't say why or when he would be back.

But by early Thursday, Tesla's CEO was back, posting a string of tweets that pumped up Dogecoin.

In the first, Musk simply wrote “Doge.” Three minutes later, the space lover -- Musk also is founder and CEO of SpaceX -- tweeted a photo of a rocket shooting toward the moon.

The cryptocurrency took off, surging -- 63% -- to $0.05350, according to CoinMarketCap.

Musk followed up, tweeting that Dogecoin is the “people’s crypto” -- not just for who he called “gigachads.”

In a Jan. 28 tweet, Musk posted a picture of a dog on a magazine cover that read “Dogue,” most likely a reference to Dogecoin. The cryptocurrency surged 975% over just two day, Jan. 28 and 29.

Already in the few short weeks of 2021, Musk has pushed up the share prices of several companies on Twitter, including Signal, GameStop, Etsy, Shopify, Cyberpunk’s CD Projeckt .

And the electric car maker has backed cryptocurrency before -- on his Twitter account bio. He added #bitcoin on Jan. 29, which sent the currency surging. Earlier, he proclaimed himself the “former CEO of Dogecoin.” Both references are now gone.

In December, he tweeted “Doge,” and Dogecoin’s price increased 20%.