SpaceX CEO Musk made some statements in a recent interview about why he supports Dogecoin.
Why Does Musk Support DOGE?
As you know, Elon Musk has been supporting Dogecoin by posting about Dogecoin on Twitter for a long time. But no one understood why Elon Musk supported Dogecoin. SpaceX CEO Musk made some statements in a recent interview about why he supports Dogecoin. Explaining that he bought Dogecoin for people who are not rich, Elon Musk used the following statements: “I support Dogecoin because there were many people who were not that rich and encouraged me to buy Dogecoin. Only SpaceX and the people working at the Tesla factory asked me to support Dogecoin,” he said. Musk also stated that he continues to support and hold Dogecoin.
Musk Effect on Dogecoin Development
Inspired by an internet mime, Dogecoin was created in 2013. Elon Musk has long been known for his support of this coin, which he called the “people’s crypto”. In a speech published on December 13, 2021, Elon Musk even stated that the potential of Dogecoin is higher than Bitcoin. Tesla CEO Musk even announced that his company would accept payments with Dogecoin, and later started to accept payments with Dogecoin. Dogecoin, which was priced at $ 0.010 before Elon Musk’s interest began, rose to $ 0.74 with Musk’s interest, reaching an all-time high. With the interest shown by Elon Musk, celebrities such as Snopp Dogg started to support Dogecoin, and the popularity of the mime coin increased day by day. After its popularity increased, many large companies started to adopt Dogecoin as a payment method. Among these companies are many companies such as Newegg, one of the largest technology shopping companies in the USA, the world’s largest movie theater chain AMC, GameStop, Nordstorm, Dallas Mavericks and airBaltic.
Musk and Dogecoin Case
Recently, a lawsuit was filed against Elon Musk for $258 billion, alleging that he created a pyramid scheme related to Dogecoin. We will be following the results of this case together in the coming days.
What is Dogecoin Price?
Well, let’s see how much Dogecoin was priced at in 2013, when it was released, and how many dollars you wish at the moment. The popular mim coin was priced at $0.00020 on the first date of its release, in 2013. Dogecoin, which saw an all-time high of $ 0.74 in 2021, when Elon Musk began to show interest, is currently priced at $ 0.06.
