Tesla CEO Elon Musk and Shark Tank star Mark Cuban see dogecoin as the "strongest" cryptocurrency when it comes to using it as a means of payment. Fears that Saturday Night Live guest host Elon Musk would use the platform to hype cryptocurrency Dogecoin proved largely unfounded. Billionaires Elon Musk and Mark Cuban say that meme cryptocurrency Dogecoin (DOGE) is the strongest medium of exchange among digital assets. Cuban tells CNBC Make It that Dogecoin is carving out a niche that gives it an edge over other crypto assets.
Elon Musk agreed that Dogecoin is the strongest cryptocurrency when used as a medium for exchange (Image: GETTY) Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer On January 28, Elon's tweet caused the price of Doge to rise 682%. On February 5, 2021, Elon created a Twitter poll promoting Dogecoin "to the moon" over any other cryptocurrency. Over the preceding days, Elon released a flurry of tweets related to Dogecoin's meteoric rise to the moon. Each tweet caused the price of the coin to jump 40-50%.
Elon Musk is back at supporting his favourite cryptocurrency: Dogecoin. STR/NurPhoto via Getty Images. Dogecoin spiked as much as 16% Monday to $0.351 after Elon Musk and Mark Cuban reiterated their bullish stances on the meme token over the weekend.
Elon Musk warns to 'invest in Dogecoin with caution' as 'joke' cryptocurrency surges ahead of SpaceX founder's SNL show cybele.mayes-osterman@the-sun.com 20:12, 7 May 2021 Elon Musk's 'effect' may still be continuing, even if its been weeks since directly made a comment about his favorite cryptocurrency - Dogecoin. Dogecoin started as a joke. In 2021, however, the joke appears to have turned on those who didn't take the meme cryptocurrency seriously. Dogecoin has jumped 12.5% since yesterday and 40.4% this week, currently trading for $0.33, according to data from CoinGecko.. The weekend surge comes as investor and Dallas Mavericks owner Mark Cuban praised the cryptocurrency, joined by none other than Tesla and SpaceX CEO Elon Musk who's single-handedly the greatest influence on DOGE pumps..
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Meanwhile, Musk's tweets on Dogecoin contributed to an average 8.4% increase in the meme cryptocurrency's price during the next 24 hours. Dogecoin rallies after Elon Musk agrees with Mark Cuban that it's the 'strongest' cryptocurrency as a medium of exchange Published Mon, Aug 16 2021 12:24 PM EDT Updated Moments Ago Taylor Locke