Dogecoin leaps 30% after Elon Musk calls it ‘potentially promising’

Dogecoin jumped more than 34 percent Friday after Tesla CEO Elon Musk tweeted about the cryptocurrency — calling it “potentially promising.”

Coinbase said Thursday evening on its first-quarter earnings call that it planned to list Dogecoin in the next six to eight weeks, boosting the coin’s price, which was already on the rise after Musk’s tweet.  The tech billionaire’s tweet about Dogecoin came after Musk announced on Wednesday that Tesla would no longer accept Bitcoin as payment for its electric cars over concerns about the use of fossil fuel for bitcoin mining.