Tesla CEO Elon Musk has once again turned into a Dogecoin Frenzy, causing a stir in the cryptocurrency market by implying that Tesla would accept Dogecoin (DOGE) as payment for its electric cars.
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Shiba Inu puppy is sad since it fell outside the top 10 cryptocurrencies with the highest capitalization. It is also again below Dogecoin, the meme currency with which it competes.
Kabosu is the new Dogecoin CEO. Elon Musk was named but earned the second position, and his dog, Floki, earned the third place.
Shiba Inu beats Dogecoin and, with this feat, becomes the 9th largest cryptocurrency by Market Value while Dogecoin ranks in 10th place. Both cryptocurrency prices are influenced by social media and Public Celebrities alike.
Shiba Inu rises 2200% in just one year. It took 14 months to position itself within the top 20 most popular cryptos. A tweet from Elon Musk seems responsible for increasing the value of SHIB by 500% in a week.
Dogecoin users tripled in 2021 after the Elon Musk impulse. According to Chainalysis, Dogecoin went from being a joke meme to being one of the most popular cryptocurrencies. The DOGE blockchain has reached more than 150,000 daily active users in 2021.
In the Dogecoin co-founder, Jackson Palmer views, cryptocurrencies show the worst of the current capitalist system. According to Palmer, the crypto industry takes money from financially desperate people causing a stir on social media
Tesla’s and SpaceX billionaire maybe wanted to talk about his favorite cryptocurrency, but the market understood something else, after the tweet about Baby Doge.
A court in the US agrees that Ripple access to the SEC trading regulations. Elon Musk and Dogecoin developers seek to reduce transaction fees by 90%. Magistrate Judge Sarah Netburn approved the request of the company Ripple Labs to access the internal trading policies of the SEC.
Dogecoin new ATH after many famous names, such as Elon Musk, Jack Dorsey, Mark Cuban, and several others, fell in love with Dogecoin.
Elon Musk may be considering accepting other cryptocurrencies, such as Dogecoin or Bitcoin as payment at Tesla.
20-04-2021 – Doge Day! In his day, Dogecoin has to go up 150% from the current price to reach a dollar.