Elon Musk: “Dogecoin is a cryptocurrency for the people”
Tesla and SpaceX CEO Elon Musk again supported Dogecoin, calling it a “human cryptocurrency”. Because of this announcement, the coin reached a rate of $ 0.2832, but this is not comparable to the May record.
Elon Musk posted a tweet in which he said that many Tesla and SpaceX employees own DOGE, without being knowledgeable in finance or Silicon Valley experts. Musk, in the wake of the popularity of this currency, decided to support this coin. Earlier, Finder analysts said that the introduction of Dogecoin in the United States is twice as fast as in the rest of the world.
The DOGE rate rose to $0.2832 after the billionaire turned his attention to the currency. But in May, Elon Musk’s Twitter had a much bigger impact on Dogecoin. In May, after the words of the CEO of Tesla about the fact that DOGE shows itself to be a promising cryptocurrency, the exchange rate of the coin rose sharply to $ 0.54.
Another “dog” cryptocurrency, Shiba Inu, jumped from $ 0.000027 to $0.000044 this weekend, and its capital in the market exceeded $ 20 billion. But just because of one response from Elon Musk to a SHIB supporter, it turned out to be enough for the success of the currency to stop. The CEO of Tesla has not purchased a single coin.
After the announcement of this conversation, the SHIB rate dropped rapidly to $ 0.000032. Musk also convinces the owners of cryptocurrencies not to spend all their savings on digital assets. The creation of products and services is the most obvious value, and not money in any form. Buying BTC, ETH and DOGE was perfect by Elon Musk for the sake of experiment and curiosity. He also believes that the tightening of prohibitions and the strict regulation of the government of the cryptocurrency market will not be able to completely destroy this industry.
