Dogecoin, which started as a meme currency but received a lot of support from the billionaire tycoon in the past few months also gained in value. But this positive trend in the cryptocurrency market is no guarantee that it will see the bull run, which started at the beginning of this year, again so soon. At most, the value addition to the price of Bitcoin and other digital currencies over the past two days most likely seems temporary.
What are your thoughts about these 2 coins' future and is it possible that Musk will decide to the hype on something else also? Green coins are getting more popular. Why doesn't he mention any of them? Which one do you think needs such a kick?
Im sure that Bull run will continue this year as many institutions shows their support on bitcoin. One example of this is Michael Saylor which even publicly announced that their sacrificing some of their own stock to buy bitcoin shares. This move will trigger some of the other known institutions and banks to activate their financial greed lock. Also dogecoin the project Elon Musk supported will definitely get some more support from the Billionaire.