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Investing.com – Although Elon Musk has often talked about , to the point of being sued over it, and although he has often said he wants to see this cryptocurrency explode, the turbulent boss of Tesla (NASDAQ:) and Space X never got anyone to buy DOGE.
This is what he repeated yesterday during a conference organized in London by the Wall Street Journal, and in which he participated remotely.
“I don’t advise anyone to buy cryptocurrency or ‘bet the farm’ on Dogecoin,” he said.
Musk, however, also clarified that Dogecoin remains his favorite cryptocurrency because it has “the best humor” and because it “has dogs.”
Note that these statements are a nod to the fact that on the one hand, the Dogecoin was initially created as “a joke”, by the admission of its creators, and that on the other hand, its logo is a dog. of race .
Dogecoin is no longer a joke after 10 years of existence
Note however that after 10 years of existence, the Dogecoin has largely passed the stage of joke, since it is today the 8ᵉ most important crypto on the market, with a capitalization of nearly 10 billion dollars. .
Moreover, many people believe that Dogecoin owes much of its notoriety and success to Elon Musk. The boss of Tesla has indeed published countless tweets about Dogecoin in recent years, most of them in a humorous tone, but often with a very real impact on the price of DOGE.
His latest stunt about Dogecoin was in April, when the self-appointed “twittos-in-chief” briefly changed the social media app’s logo from the legendary blue bird to a photo of a Shiba Inu, the breed of dog that serves as the DOGE logo, which had caused the price of the cryptocurrency to skyrocket.
In fact, Musk’s statements about Dogecoin and the price of the cryptocurrency seem so intertwined that many investors recently banded together to launch a class action lawsuit against the CEO, accusing him of setting up a scheme to make rise the price of Dogecoin.
Finally, it should be noted that Dogecoin is down 2.67% to $0.0711 at the time of writing this article, the largest drop in the top 10 crypto, a movement that could, once again, be attributed to Elon Musk.