Dogecoin is a subject that is not hidden from people having a specific interest in the crypto market. This is a meme cryptocurrency that came into being purely for entertainment purposes, as the developer claims it, kind of on life support with minimal hope of pulling through, but then something marvelous happens, and it gets all the traction it needs, slowly but consistently. Out of the first people to vouch for Dogecoin were Mark Cuban and Elon Musk. Mark Cuban did go the extra mile and selected Dogecoin as the ultimate cryptocurrency that can be used to purchase merchandise from his NBA team through online channels.
Elon Musk has been very active in posting things about Dogecoin, such as how it is not a meme cryptocurrency near him and has every bit a chance as other cryptocurrencies of pulling through and making it at the end of the day. At a point, he even tweeted about offering his full support to those who are willing to sell their current stash of Dogecoin to ease the market concentration. Long story short, Musk has been a real influence for Dogecoin, and at times, his tweets have made the price of the digital asset burst up.
Elon Musk Heavily Values Dogecoin like none other
Only recently, Musk hovered with his fans in an autograph session, and he asked what they think the topic of the upcoming SNL (Saturday Night Live) TV program be that Musk is going to host, and in a synonymous voice, everyone said, “Dogecoin” to which Musk agreed. The love, passion, and support are all there from Musk to Dogecoin and in a series of latest tweets amid the Covid-19 Pandemic and its effects on the economy and general public second richest man in the world came to the support of Dogecoin. Some users tweeted about how he sees Dogecoin as one of the private stimulus of Elon Musk for people affected by the Pandemic.
Replying to this tweet, Musk said that he thinks the same. After that, Dogecoin has seen a huge price surge; maybe it is time that investors have come around the value of Dogecoin, or they are simply doing it out of putting their stimulus into Dogecoin so the future could be a little bright for them.