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Litecoin (CRYPTO: LTC) creator Charlie Lee praised Elon Musk and the world’s first memecoin Dogecoin (CRYPTO: DOGE) for his or her contributions to the cryptocurrency ecosystem.
What Occurred: Lee stated throughout a current interview that Dogecoin — which he described as “nice” and “fairly enjoyable” — drove mainstream adoption of crypto.
Musk performed a job in making cryptocurrencies “a mainstream matter,” Lee stated, in response to a Wednesday FXEmpire report.
Musk introduced cryptocurrencies into the highlight of mainstream media after he lead his electrical automotive producer Tesla Inc. (NASDAQ:TSLA) to just accept Bitcoin (CRYPTO: BTC) as technique of fee for its vehicles in 2021 after which determined to cease accepting it over environmental considerations quickly thereafter.
Whereas he suggested that Tesla might begin accepting Bitcoin once more sooner or later, the corporate additionally acquired $1.5 billion in Bitcoin and sold $272 million of the cryptocurrency.
Musk can also be arguably Dogecoin’s most notable fan; he continuously tweets concerning the coin and as soon as even promoted it on Saturday Evening Reside. On the finish of January, he tweeted on the official McDonald’s Corp. (NYSE:MCD) that he would eat a contented meal on TV if the fast-food chain have been to begin accepting Dogecoin. The corporate answered that it might solely comply if Tesla accepts “grimacecoin” — a faux coin depicting the McDonaldland mascot Grimace.
Crypto scammers have been fast to behave and shortly thereafter the crypto neighborhood noticed the creation of Grimacecoin (CRYPTO: GRIMACE) on the Binance Sensible Chain (CRYPTO: BNB), which then skyrocketed 285,000% in below 24 hours.
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