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I am buying from that Altcoin project! The reason is this

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Tesla CEO Elon Musk is a staunch supporter of Dogecoin, one of the most popular altcoin projects in the world. Expressing his love for DOGE on every occasion, Musk is known as the “Father of DOGE” by the cryptocurrency community. Recently, Tesla’s CEO gave a Bloomberg interview at the Qatar Economic Forum held in Doha. The famous billionaire said: “Many people who are not that rich have encouraged me to buy and support Dogecoin. I answer these people “.

Elon Musk takes from this altcoin project

Elon Musk shared in April 2019 that the altcoin project is his favorite project in the crypto space. The billionaire has since been known to be a staunch supporter of Dogecoin. However, it cannot be said that the cryptocurrency meme always comes to his aid. In May 2021, Tesla’s CEO participated in the “Saturday Night Live” program. Expressing his ideas about Dogecoin in the program, Musk described it as a “rush”.

Indeed, at that time, the altcoin was experiencing the best period in its history. As reported by Kriptokoin.com, DOGE hit an all-time high of $ 0.76 before Musk’s statements. However, the CEO’s statements did not benefit the cryptocurrency. DOGE began to decline immediately after the program. However, the CEO of Tesla and SpaceX still remains a staunch supporter of Dogecoin. Musk said on Sunday that he will continue to support Dogecoin. He also stated that he will buy from the altcoin project:

Dogecoin founder replies to Elon Musk

After sharing, Dogecoin inventor Billy Markus (Shibetoshi Nakamoto) replied to Musk. Markus said Tesla’s CEO has always supported DOGE and thanked him. He also listed his reasons for supporting the project and turned to Elon Musk:

“You have always been serious about supporting the altcoin project which I thought was right. You find it funny and appreciate satire and irony. You also think it has potential as a currency. This is why your companies accept it as a payment method and bring greater benefits to DOGE ”.

Billy Markus Dogecoin (DOGE)

Tesla and SpaceX can accept the altcoin project as a payment method

Over the weekend, the Dogecoin inventor expressed his current hopes for the altcoin project in a series of tweets. First, he wants Dogecoin to have a reason to exist. Secondly, he also wants the community to understand what cryptocurrencies are and what the cryptocurrency market is. Third, he wants people to continue to develop and benefit from Dogecoin. Tesla CEO Elon Musk also supported the Dogecoin co-creator’s desires for utility and raison d’être by saying “Tesla and SpaceX products, maybe in the future” and “more like a currency”. Indeed, Elon Musk is facing a $ 258 billion lawsuit for promoting Dogecoin. However, the billionaire doesn’t shy away from his support of Dogecoin, as seen in his latest tweets.

How about the price of Dogecoin?

At the time of Musk’s share, Dogecoin was up 5.41% from $ 0.062. But so far it has fallen by 64% in 2022. The meme cryptocurrency rose nearly 9% on Sunday after Musk tweeted that he would continue to support and purchase it. Meanwhile, the altcoin occupies a popular position among the early 2000 BSC wallets. cryptocurrency.com As we have reported, DOGE is among the top 10 most used cryptocurrencies among whales.

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