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Cryptocurrency News

Dogecoin is now Elon Musks Favourite Altcoin

Elon Musk, entrepreneur and technological revolutionary is a fan of cryptocurrencies. Musk has repeatedly expressed his support for digital assets, most recently stating that “cryptocurrencies are the future” and could replace paper money one day. He has also described Bitcoin as “brilliant”,  but has he now found his favourite altcoin?

What may have started as an April Fool’s Day bit of fun, certainly caught his attention. Dogecoin (DOGE), which has been around since 2013, often the subject of various internet memes and has always been seen merely as a “joke currency” has steadily grown its community online. While the actual coin has no real use case, users who may have found some content online of use, often “tip” each other in DOGE.

The DOGE Twitter account jokingly sent out a Tweet poll on Monday (April Fools Day) asking who should be the new CEO of Dogecoin and the winner of the poll? Elon Musk. The news reached Musk who promptly tweeted that “Dogecoin might be my fav cryptocurrency. It’s pretty cool”. Whether he was serious about this statement or not is up for debate, it was April Fools Day after all.

 

Soon after Elon Musk was named honorary CEO of Dogecoin and he is now stated as the former CEO. Yes, this may have all been just a little bit of online humour, but to have such a prominent figure such as Elon Musk who is greatly respected worldwide for his work with Tesla and The Boring Company continually show his support and optimism for cryptocurrencies can only be seen as a positive. If any coin were designed for some online April Fools fun, then it would undoubtedly be DOGE and if it gets Elon’s attention, it must be pretty cool after all.

Elon Musk image licensed via Shutterstock.

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