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?
Elon musk never support or promote bitcoin because bitcoin work on proof of work concept that's why bitcoin mining take lot of energy and energy means fossil fuel . end Elon musk is always against using fossil fuel . but don't worry it will not impact bitcoin market. Elon musk support dogecoin because it doesn't cost fossil fuel . Elon musk own few biggest company in the world . if starlink ,hyperloop ,or tesla charging station any company accept dogecoin as a payment method ,dogecoin will go to the moon . trust me there is a strong possibility