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Tesla CEO Elon Musk says that Twitter needs to make it simpler to transact with cryptocurrencies
Tesla CEO Elon Musk reaffirmed his assist for meme cryptocurrency Dogecoin throughout a latest dialog on Twitter Areas.
The controversial entrepreneur stated “Dogecoin to the moon” when requested concerning the famed Bitcoin parody.
Musk additionally stated that the social media platform wished to make it simpler to transact with the highest meme coin.
The DOGE value is up almost 5% over the previous 24 hours, at the moment buying and selling at $0.104 on the Binance change. It stays the eighth largest cryptocurrency by market capitalization after surpassing Cardano (ADA).
As reported by U.Today, Dogecoin skilled a big value rally in October as a result of Musk finishing the $44 billion acquisition of Twitter. The market anticipated the billionaire to make the $14 billion meme coin a part of the platform.
Nonetheless, the value of Dogecoin slipped after Twitter reportedly shelved its plan to combine a local cryptocurrency pockets following Musk’s takeover.
Musk’s most up-to-date feedback ought to be reassuring for DOGE homeowners since they sign that the capricious billionaire doesn’t plan to desert the meme coin simply but.
Final yr, in an interview with Time Journal, Musk stated that Dogecoin was higher suited to transactions in comparison with Bitcoin. The controversial entrepreneur opined that the most important cryptocurrency wasn’t substitute for a transactional foreign money.
Tesla and SpaceX began accepting Dogecoin for merchandise earlier this yr.
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