Elon Musk’s influence on Dogecoin: A memecoin with serious potential

In today’s crypto landscape, where new memecoins are catching the eye, billionaire Elon Musk continues to insist that Dogecoin (DOGE) his favorite crypto coin is.

From memecoin to global currency?

In a recent interview with The Wall Street Journal explains Musk why he still prefers the original memecoin, which was originally created as a parody of the leading cryptocurrency Bitcoin (BTC).

Musk states, “Dogecoin is my kind of favorite cryptocurrency because it has the best humor and has dogs.”

Musk enthusiastically predicts that it will be fascinating to watch an asset once conceived as a joke grow into a global currency. This statement comes amid reports circulating that Twitter will soon introduce crypto payments to its microblogging platform.

“A good friend of mine once said that the most ironic explanation and also the most ironic outcome for a currency would be that what was once created as a joke to mock other cryptocurrencies will eventually become the global currency,” he said. Elon Musk.

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