Elon Musk Finds Dogecoin as the best cryptocurrency, Once Again Tweeted his love for it

Prerna Sengupta
Prerna Sengupta is a writer for Thecoinrepublic. She is a law student at NALSAR University of Law, Hyderabad. She is interested in Tech Law and is especially keen on cryptocurrency, blockchain, and Bitcoin. She hopes to pursue this field in the future as a lawyer.
  • Elon Musk has recently declared on Twitter that ‘Dogecoin’ one of the best cryptocurrencies in existence.
  • Musk posted an image of a dog celebrating its birthday without any concept of numbers and tweeted that “Dogs rock.”

A well-known space technology company SpaceX’s CEO Elon Musk has recently declared one of the best cryptocurrencies in existence.

You might be assured with the name as Bitcoin but your answer is wrong, it’s DOGECOIN!!!

Dogecoin From Jokecoin to Elon Musk’s Favorite Crypto

The aforementioned cryptocurrency was invented by Jackson Palmer and Billy Markus as a joke but later, the Dogecoin became a popular gag element in the crypto ecosystem.

This Dogecoin carries a symbol of a Japanese dog breed Shiba Inu and was introduced as a “joke currency” on December 6, 2013. The language around the coin says “wow, such coin, many profits,” that made its popularity to touch with a market capitalization of US$60 million in January 2014.

Elon Musk Once Again Praised Dogecoin

The statement conveyed by Musk showed his immense affection for Dogecoin. Once, Musk has changed his Twitter bio with a Dogecoin picture revealing himself as the CEO of Dogecoin.

Also, he tweeted “throw a dogecoin to your witcher,” but later he deleted it shortly after posting his words.

Today, Musk posted an image of a dog celebrating its birthday without any concept of numbers and tweeted that “Dogs rock.” Adding to this, he wrote that dogs “have the best coin.”

This has been many times when Musk didn’t waste a single point to spoke about cryptocurrency and Bitcoin in his unusual way.  This was best illustrated by once he tweeted, “Cryptocurrency is my safe word,” and later adding to it “Bitcoin is not my safe word.”

Many times Musk has kept his views regarding Bitcoin saying it is the best option for replacing cash in terms of allowing illegal actions but, that doesn’t make it the main system of payment globally.

Musk’s love for Dogecoin shows that he has reserved it as a replacement for Bitcoin.

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners