On Friday, Tesla CEO លោក Elon Musk took to Twitter, telling Dogecoin co-founder Billy Markus that the project has potential as a currency.
“I enjoy that something stupid could also have utility and be successful,” Markus stated.
In a 2021 Twitter exchange with Musk, the American programmer had also noted that dogecoin was “fast, scalable, and inexpensive to send around,” which is what “it need[ed] to be. Markus also emphasized that the meme coin didn’t need to become another blockchain protocol that hosts other tokens of NFTs.
Could Musk’s endorsement raise the price?
Dogecoin has clocked around 22% gains in the last 24 hours on កាក់ហ្គេកកូ, as the weak crypto market attempts a slight recovery. Yet, the global crypto market cap remains close to $1.3 trillion, as of Friday, and DOGE is contributing over $12 billion to the cumulative figure.
In the past as well, the SpaceX CEO had called DOGE “the people’s crypto,” positively impacting its market price.
Source: https://beincrypto.com/dogecoin-has-potential-as-currency-says-elon-musk/