Elon Musk pumps Dogecoin, more than 30%
Once again Billionaire Elon Musk successfully pumped Dogecoin to more than 30%
In the last year, Elon Musk- CEO of SpaceX and Tesla appreciated Dogecoin technology as a leading and best technology over the other crypto assets and claimed that Dogecoin will be a super coin in the future if crypto industry will get better support in terms of worldwide adoption.
On 14 December, Elon Musk tweeted that Tesla merch will accept Dogecoin.
Within a few hours, Dogecoin surged from $0.15 to $0.21+, which means more than 30% surged. Right now, the price of Doge is getting down, and currently, it is traded at $0.19 with a total 20% surge. However, Tesla’s CEO didn’t explain its main initiatives with Dogecoin with better clarity, because the Tweet was too short but informative also for the Dogecoin lovers in the crypto industry.
Elon Musk against Bitcoin, for Dogecoin
In May of this year, Elon Musk tweeted that Tesla will no longer accept payments in Bitcoins. And the main reason behind this decision of the Tesla company was huge carbon emissions because of Bitcoin mining operations.
However after, a few days of the suspend date of Bitcoin payment mode from Tesla, Elon Musk tweeted that Tesla will accept Dogecoin because Dogecoin is much better in terms of payment options over Bitcoin or other crypto assets and also promised that Elon Musk will do work with the Dogecoin developers to bring efficiency in the transactions at next level in Dogecoin blockchain network.
Probably, Elon Musk is doing the same, that’s what he said. Because a month ago, the Dogecoin team provided a new upgrade on the Dogecoin network to make it better in terms of potential and transaction fees. And now, Elon announced Doge will add to the Tesla company.
In The past, Elon was criticized by many people in the crypto industry because of his decision to give support to Dogecoin with the elimination of Bitcoin payment.
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