![]() ![]() In addition to owning it, he has mentioned working with Dogecoin developers on bettering its network. Although Musk is publicly seen as a DOGE supporter, his support for Dogecoin isnt new he started to tweet about Dogecoin back in 2019 and has spoken many. Musk is a well-known Dogecoin pumper, having used the social media platform to shill the canine cryptocurrency on several occasions. Musk began tweeting about Dogecoin in 2019, and has since been an avid supporter of the cryptocurrency. The popular meme coin Dogecoin has jumped more than 12 in the past hour following reports that Twitter is expected to reach a deal with Tesla and SpaceX CEO Elon Musk on Monday. As Twitter’s newest board member and largest shareholder, Musk is. It is based on the Doge meme, which portrays a Shiba Inu dog. FILE - Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. Musk’s effect on the price of Dogecoin is nothing new.ĭogecoin was created as a joke in 2013 by developers Billy Markus and Jackson Palmer. Dogecoin (DOGE) had a boost that took it to an almost two-month high after Elon Musk bought a 9.2 in Twitter (a 2,8 billion stake) according to a Securities and Exchange Commission 13G filing released Monday, thus becoming the company’s largest shareholder. Dogecoin is an open source peer-to-peer cryptocurrency, favored by shibas worldwide. ![]() The cryptocurrency community on Twitter has speculated that Musk might ultimately turn Twitter into a decentralized social media platform, or one not controlled by any one entity. After all, Musk seemed to suggest in early April that Twitter should potentially allow users to pay for Twitter Blue, the social media’s subscription service, with Dogecoin. ![]() Though there are many ideas as to what Musk might change about Twitter once he’s in charge, Dogecoin fans might be hoping that Musk will incorporate the cryptocurrency into the social media platform. ![]()
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