Dogecoin (DOGE) News (Feb. 4, 2020) – Elon Musk is back! The Tesla Ceo once again took to Twitter to express his disapproval of Bitcoin (BTC), and renewed his support for Dogecoin (DOGE). Dogecoin promotes itself as a “user-friendly” crypto with extremely low fee per transaction.
Elon Musk frequent DOGE shoutouts
Evidently, Musk has not been shy about endorsing DOGE. He has made his admiration of the altcoin public. On an April 2019 tweet, Musk said DOGE is thus far his favorite cryptocurrency project, writing “it’s pretty cool.”
Furthermore, Musk once defended DOGE‘s founder, Jackson Palmer Twitter. Palmer is a frequent scammers target on the social media platform.
As a result of Musk’s advocacy, Twitter’s DOGE investors and fans nominated him as the unofficial “CEO” of DOGE.
What is Dogecoin (DOGE) and its origin
Dogecoin is a peer-to-peer crypto launched in 2013 on the blockchain. The name “DOGE” was selected to pay homage to shiba-inu dog breed.
However, started as a joke, the project quickly become a darling of the crypto community. Founder, Billy Markus did not initially expect anything to come of the project.
Currently trading at #32 most popular cryptocurrency by market cap, DOGE has gained more than 5% since Elon Musk’s endorsement. Dogecoin (DOGE) current price is $0.00246.
Mathieu is a Information technology professional with over 15 years of experience. He started one of the first bitcoin blogs existed in 2010. He started writing about, investing in bitcoin and promoting the first cryptocurrency when only a few technological savvy people knew about it. Mathieu is a world traveler who enjoys culture, technology, finance, salmon, rice and beans. He’s cool, collected and knows a great deal about blockchain technology.