Elon Musk Says Top Memecoin Dogecoin (DOGE) Is Still His Favorite Crypto Asset – Here’s Why

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As new memecoins make waves within the crypto house, billionaire Elon Musk says that Dogecoin (DOGE) stays his favourite digital asset.

In a brand new interview with The Wall Road Journal, Musk explains why he nonetheless prefers the unique memecoin, which was created as a parody of the main cryptocurrency Bitcoin (BTC).

“Dogecoin is my type of favourite cryptocurrency as a result of it has one of the best humor and has canine.”

Musk says it is going to be amusing to see an asset that was created as a joke grow to be a world forex. The assertion comes amid experiences that Twitter will introduce crypto funds on the microblogging platform.

“A buddy of mine has a saying that probably the most ironic rationalization is the most definitely and probably the most ironic end result for forex could be that the factor that was made as a joke to make enjoyable of cryptocurrencies. Essentially the most ironic end result could be that it turns into the worldwide forex.”

Musk is amongst DOGE’s most influential supporters. In April, the value of Dogecoin jumped by 30% following his govt resolution to alter Twitter’s blue hen icon to DOGE’s emblem.

The billionaire is already dealing with a $258 billion lawsuit filed by a gaggle of traders who accuse him of illegally selling and pumping up the value of Dogecoin. Musk’s legal professionals argue that his statements in regards to the token have been too obscure and foolish to be thought-about an precise endorsement of the digital asset.

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