Elon Musk Declares That Dogecoin is the Best Cryptocurrency

written by

Elon Musk Declares That Dogecoin Is The Best Cryptocurrency

Support free journalists: > send a tip

Elon Musk, the Founder of Tesla and SpaceX, has given Dogecoin a highly positive endorsement. Specifically, Musk declares that “Dogs rock… They have the best coin.”

Dogecoin has rallied 6% after Musk’s endorsement, enough to push its market cap just above USD 300 million.

This is not the first time that Musk has publicly made positive statements about Dogecoin. In the past Musk put in his Twitter bio that he was the CEO of Dogecoin.

It is perhaps surprising that a billionaire would favor Dogecoin over other cryptocurrencies, but for years the Dogecoin community has been well known for fostering an atmosphere of helpfulness and friendliness. Essentially, Dogecoin users often send each other free Dogecoin, especially on the Dogecoin subreddit, inspiring users to be nice to each other and to help each other.

Indeed, Dogecoin could even be considered the most fun cryptocurrency, and that is why it has remained a major cryptocurrency since it launched in 2013.


BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: Pixabay

Help spread this article :)


Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter