- The history of Elon Musk and Dogecoin.
- Dogecoin’s possible multiple uses going forward.
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The Dogecoin drone show.
At the latest Tesla launch in Texas in April, Elon Musk used drones to project the symbol of Dogecoin, the public display of support caused the price to rally high initially. However, as of today the market has restored to the norms for the price of this cryptocurrency.
Elon Musk has hinted in a series of tweets that subscribers and members may be able to pay for their Twitter (TWTR) accounts using their Dogecoins going forward. Inlight of Musks plans to take over Twitter, this could be a likely outcome.
It is no surprise that Musk is a big fan of Dogecoin, he has integrated the crypto coin into Tesla by allowing the purchase of accessories with Dogecoin and plans to fund some of SpaceXs missions with Dogecoin going forward.
The volatility seen by this coin is due to both investor sentiment and Elon Musk's interest in it.
Over the past weeks the price of DOGE has been falling, this doesn't come as a surprise given the current global investor sentiment, going forward it wont come as a surprise to see Musk try to come to the coins rescue.
DOGE Price Chart
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