2 years ago
Tesla and Spacex CEO Elon Musk has reaffirmed his committedness to dogecoin (DOGE). He confirms that helium volition support buying and supporting the meme cryptocurrency. The terms of dogecoin climbed pursuing his statements amid a crypto marketplace downturn.
Elon Musk Reaffirms Commitment to Dogecoin
Tesla CEO Elon Musk reaffirmed his enactment for the meme cryptocurrency dogecoin a fewer times this weekend. On Sunday, Musk tweeted that helium volition support supporting DOGE. He besides indicated that helium volition support buying the meme coin.
On Saturday, the Tesla brag besides mentioned DOGE connected Twitter successful effect to a tweet by Dogecoin co-creator Billy Markus stating his “desire” for radical to usage DOGE “for thing beyond pump and dump … truthful it has a crushed to exist.”
Musk tweeted that dogecoin tin beryllium utilized to acquisition merchandise astatine his companies, Tesla and Spacex, hinting that much could beryllium offered “down the road.”
Tesla began accepting dogecoin for immoderate merchandise successful January. Last month, Musk said Spacex volition soon judge DOGE for merchandise and Starlink subscriptions could soon travel suit.
At the clip of writing, DOGE is trading astatine $0.062662, up 25% successful the past 24 hours but down 30% implicit the past 30 days.
Musk has agelong been a protagonist of dogecoin. He is known successful the crypto assemblage arsenic the Dogefather. He believes that DOGE is the people’s crypto and has potential arsenic a currency. In contrast, helium said bitcoin is much suitable arsenic a store of value.
The Tesla main besides antecedently revealed that helium personally owns immoderate DOGE successful summation to BTC and ETH.
Last week, a dogecoin capitalist sued Musk, Tesla, and Spacex for promoting the meme crypto. The $258 cardinal class-action suit alleges that Musk and his companies “falsely and deceptively assertion that dogecoin is simply a morganatic concern erstwhile it has nary worth astatine all.” The plaintiff claims that Musk, Tesla, and Spacex “are engaged successful a crypto pyramid strategy (aka Ponzi scheme) by mode of dogecoin cryptocurrency.”
Musk besides hinted past week that cryptocurrency payments will beryllium integrated into Twitter if his bid to bargain the societal media institution is successful. However, the 444 cardinal woody is presently on hold, and Musk has accused Twitter of a worldly breach of their merger agreement.
What bash you deliberation astir Elon Musk saying helium volition support buying and supporting dogecoin? Let america cognize successful the comments conception below.
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