To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more

Traces of water found on Mars

At least in the distant past the Red planet had a liquid bodies of water

Dogecoin price prediction: clowns drive the waves, bitcoin dictates the direction

Elon Musk isn't pushing Doge just for fun: he is a major holder of the coin

27.Jun.21 7:25 PM
By Shawn Highstraw
Photo CNN


Dogecoin price prediction: clowns drive the waves, bitcoin dictates the direction
Recently, Elon Musk has paid too much attention to Dogecoin Predictions For 2022. The billionaire talks about himself at every opportunity, evoking the bright future of a comic cryptocurrency. It got to the point that he completely refused to accept Bitcoins to pay for Tesla cars, hinting that Dogecoin is much less dangerous to the environment. It is not known where Elon Musk gets this information from, but it is not even true. The problem is that millions of subscribers consider him the most honest person on the planet, who earned his capital exclusively with his mind. Which is also far from the truth.

Tesla and SpaceX CEO Elon Musk explained why he prefers Dogecoin and not pay attention to other projects. This was in response to a question from a Twitter user who asked why a businessman ignores evolving digital coins and tries to reduce transaction fees on the network. He cited Ethereum, Cardano, Solana, Polkadot and IOTA as examples.

Price of Dogecoin and the clowns

"Dogecoin has memes and dogs, but others don't," Musk wrote. He also reached out to his Twitter followers and invited them to participate in the development of Dogecoin. The businessman offered to send his ideas for improving the digital coin to the appropriate thread on GitHub or to a section on Reddit. Musk added that someone suggested that he change the transaction fee based on the phase of the moon. He called it a "great idea." Clownage dominates the thread.

Dogecoin Price Predictions 2022: Elon Musk as a main factor

Previously, the entrepreneur had suggested increasing the debit of Dogecoin by a factor of 100 and reducing the transaction fee. In his opinion, this will turn the digital coin into the "currency of the Earth". But Musk's proposal was criticized by users, including Ethereum co-founder Vitalik Buterin. The creator of the largest altcoin by capitalization pointed out that it is impossible to increase bandwidth without compromising decentralization.

Against this background, many analysts began to assume that Elon Musk was not just pushing Dogecoin upwards. It is not possible to name the exact number of coins on his account, because Elon himself clearly does not want to announce this information, but today there are confirmations that a huge amount of Dogecoin is in the wallets of the Tesla founder. It is by the way he who can be today the main holder of this coin on the planet. Remember how, in January, Elon Musk proposed to several large Dogecoin owners to buy back their cryptocurrency? There is every reason to believe that he succeeded.

Dogecoin Price Predictions 2022: Elon Musk

Musk himself continues to bypass such comments, but admitted that he owns Dogecoin and will not sell it under any circumstances. Does this mean that Elon expects the rise of comical cryptocurrency? Maybe he has prepared us new surprises and is now busy creating new memes in Photoshop. We will find out all this in the very near future, but in the meantime, Dogecoin has started to increase its price again. Below is a table of the price of this piece.By the way, even if Elon Musk only owns 10% (obviously, more) of all Doge, then considering the 2 times drop in value compared to the indicators of early May, he owns $ 4 billion in Dogecoin.

As soon as the rate returns to growth, the figure will rise, as will the price of cryptocurrency.

Back to the list

Related Information: