Musk pointed to the possibility of Dogecoin becoming money

The head of Tesla responded to the post of the creator of the “meme” cryptocurrency Billy Marcus. Its price rose by 18% after the collapse on May 12
Dogecoin has the potential to become a currency, the head of Tesla and SpaceX, billionaire Elon Musk , is sure . So he responded to the post of the creator of the Doge, Billy Marcus. Marcus says he likes Dogecoin because the token “knows it’s meaningless.”

It has potential as a currency








— Elon Musk (@elonmusk) May 12, 2022
 
 
 





 
 
Over the past day, the “meme” cryptocurrency has risen in price by 18%, to the current levels of about $0.09. The Doge is recovering from the market crash on May 12, as a result of which the price of bitcoin fell to a low of $26.7 thousand since December 2020. Dogecoin continues to trade 88% below the all-time high of $0.73 set in July 2021.






In April, the price of Doge soared by 33% per day after Elon Musk signed a deal to buy Twitter for $44 billion, or $54.2 for the company’s security.





Musk is an active supporter of Dogecoin. He often mentions cryptocurrency in his tweets, and in January called on the fast food chain MCDonald’s to start accepting it as a means of payment.
Also at the beginning of the year, Tesla added Dogecoin as a payment method for its accessories. To make a purchase in the Tesla store, the customer needs a Dogecoin wallet. Items purchased with cryptocurrencies cannot be returned or exchanged.