Elon next crypto

Dogecoin is one of the oldest digital cryptocurrencies, having launched in It is a peer-to-peer digital currency and recently got favored by Shiba Inus worldwide, which entrenched the coin better into the market. During a recent interview with Time, he praised Dogecoin as better than Bitcoin for transactions due to its lower cost. This means people are looking for a cheaper payment platform; Dogecoin is the solution. Dogecoin is a borderless currency, and with the expected mass adoption across the globe, this is definitely one of the best cryptocurrencies of

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Content:

• Why Tesla’s Elon Musk believes Dogecoin is better than Bitcoin for transactions
• Dogelon Mars Price Predictions: Where Will New Pupcoin Rally Take the ELON Crypto?
• Elon Musk-Inspired Crypto Coin Jumped 10-Fold Since Monday
• Elon Musk Offered to Eat a Happy Meal on TV. McDonald's Gave the Perfect Response
• Tesla now lets you buy some merch in Dogecoin
• Elon Musk and Jeff Bezos lose billions as tech stocks and crypto suffer steep falls
• Twelve times Elon Musk moved markets in 2021

WATCH RELATED VIDEO: Elon Musk’s Power Over Crypto, Explained - WSJ

Why Tesla’s Elon Musk believes Dogecoin is better than Bitcoin for transactions

That's the situation McDonald's faced recently, when Tesla and SpaceX CEO Elon Musk, who also happens to be the world's most famous supporter of digital cryptocurrency Dogecoin, told his 71 million Twitter followers that he would "eat a happy meal on tv if McDonalds accepts Dogecoin.

Later that day, McDonald's posted the following:. Of course, there are lots of ways to take this joke. I saw the reply from McDonald's as innocent, albeit corny--kind of like one of my jokes that make all three of my kids cringe. But what happened next is pretty interesting--and also a little confusing. Let's sort through the aftermath to see if we can learn any lessons from it all. But it also invited some backlash from the crypto community, including some comments from software engineer and Dogecoin co-creator Billy Markus.

Markus, who tweets under the handle Shibetoshi Nakamoto, started by saying he gives McDonald's a "grimace" for their response--before calling out the fast-food chain for what he saw as potentially harmful. And in "other real talk," Markus predicted, the story would next get picked up by the media, focusing on the new existence of grimacecoin and its probable increase in value, which he claimed would hurt the goodwill of the doge community and result in people losing money.

It seems Markus was right. Of course, the crazy thing about all of this is that Dogecoin itself started as a joke, meant to parody the success of cryptocurrencies like Bitcoin. Markus says he created the original Dogecoin in about two hours, and in an open letter wrote that he left the project back in as the community because "the community started to strongly shift from one that I was comfortable with.

Yes, McDonald's' joke may have been corny. And it invited some backlash from the crypto community. Top Stories. Top Videos. What do you do when the world's richest man tweets at your brand? Soon after McDonald's posted its tweet, it collected thousands of retweets, likes, and comments. It stayed on brand simple and good-natured It got tons of publicity and free PR It kept hope alive that we may actually see the richest man in the world eat a Happy Meal on television. So, if your brand gets unwittingly pulled into a joke, follow McDonald's example:.

Take your time. Respond like a real person. And ride the wave as long as you can. Sponsored Business Content.

Dogelon Mars Price Predictions: Where Will New Pupcoin Rally Take the ELON Crypto?

Other cryptocurrencies have come along for the ride, and one of the odder beneficiaries has been Dogecoin—heavily promoted on Twitter in the past couple of weeks by Tesla CEO Elon Musk. Dogecoin started in December , at the peak of the first big bitcoin bubble. The idea was to have fun and be silly with a cryptocurrency that was cheap enough to mess around with—each coin was worth a fraction of a cent. They would tip each other dogecoins for amusing comments. The forum got into charity. They did this just by creating their own magical internet money, selling it for bitcoins, then selling the bitcoins for dollars—which was surprisingly feasible at the height of a bubble.

Elon Musk-Inspired Crypto Coin Jumped 10-Fold Since Monday

On Sunday, Elon Musk helped Shiba Inu vault up the ranks of the largest cryptocurrencies by market value by tweeting a photo of his puppy. Musk, world's most wealthiest man, calls it "people's crypto. Musk acknowledges that he has invested in three cryptocurrencies, Bitcoin, Ethereum, and Dogecoin. As of a. Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Elon Musk Offered to Eat a Happy Meal on TV. McDonald's Gave the Perfect Response

Big-name companies suffered, with Peloton falling below its IPO price and Netflix suffering its steepest drop in a decade. Stocks in chipmakers also struggled. This is also the fourth successive weekly drop for the index, the longest decline in nine months. The prospect of interest rate hikes by the Federal Reserve is on the cards with a meeting planned for Tuesday and Wednesday this week.

Tesla now lets you buy some merch in Dogecoin

How Zoho and Freshworks got their SaaS sizzling with different recipes. Saregama is hitting the high notes. Can it keep investors singing to its tunes? Choose your reason below and click on the Report button. This will alert our moderators to take action.

Elon Musk and Jeff Bezos lose billions as tech stocks and crypto suffer steep falls

Musk is far from the only person to move the crypto market for no apparent reason other than making an endorsement. A sizable portion of the industry from meme coins to NFTs has proven to be highly responsive to celebrity shilling. Musk eventually found himself within the bitcoin conversation and Tesla played a vital role in price action throughout the spring. On Feb. Has the market grown stronger or are participants simply sick of hearing from him?

Twelve times Elon Musk moved markets in 2021

The billionaire investor and founder of SpaceX raised concerns on behalf of Dogecoin holders regarding the recent DOGE problem at cryptocurrency exchange Binance. The issue resulted in numerous erroneous dogecoin transactions with some users reporting that their accounts were frozen. The Tesla CEO wants people who own digital assets to own their own private keys rather than letting a crypto exchange handle them.

Billionaire Elon Musk known for his cryptocurrency endorsements has reiterated his holdings which are limited to Bitcoin, Ethereum and Dogecoin slyly revealing that he neither owns one of the most popular meme tokens Shiba Inu. The revelation came at a time when Shiba Inu touched a record high on October 24 and was up nearly 37 percent, according to coinmarketcap. Musk had said, in July, that he personally owned some bitcoins, dogecoins and ethereums at the B-Word conference, an event hosted by the Crypto Council for Innovation. He also stated that he had been holding bitcoins for the long term. He also explained the reason behind his ardent support for another meme token, Dogecoin. They aren't financial experts or Silicon Valley technologists.

Elon Musk recently called Web3 'BS. Tesla CEO Elon Musk has been quite vocal about his faith in Dogecoin, the meme-coin cryptocurrency that shot up in value earlier this year. Now, Musk has some advice for Dogecoin owners. Exactly— Elon Musk elonmusk November 24, Musk did not elaborate his point, but the Tesla CEO is a supporter of people holding their own assets rather than let an exchange like Binance and Robinhood take care of it. Another reason for this is that hackers usually target big exchanges as they are meaty targets. Robinhood, for example, said earlier this month that its servers have been breached by an unauthorised third-party.

By Matthew Sparkes. Elon Musk has performed a sudden U-turn on bitcoin over concerns about its energy usage, and says his electric car firm Tesla will no longer accept the cryptocurrency as payment — but will his decision have an impact, and could Tesla turn to an alternative currency? Bitcoins are created, or mined, using a concept called proof of work, which involves solving functionally useless and computationally difficult puzzles that consume a large amount of electricity.