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World’s Richest Man, Elon Musk Endorses Dogecoin

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The world’s richest man, Elon Musk some mins ago just endorsed dogecoin via his Twitter feed.

“Dogecoin is the people’s crypto,” Musk tweeted.

At the time of writing this report, Dogecoin traded at $0.054293 with a daily trading volume of $6.3 billion. Dogecoin is up 66.78% for the day.

Elon Musk, who at press time had a net worth of $204 Billion, also had an image on his Twitter feed mimicking him as Rafiki the baboon that endorsed Samba (Lion cub) to be king in the Walt Disney movie titled “Lion King”.

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Dogecoin (DOGE) is based on the popular “Doge” Internet meme and features a Shiba Inu on its logo.

The open-source crypto was invented by an American known as Billy Markus and an Australian identified as Jackson Palmer. The crypto asset was forked from Litecoin in December 2013.

This fast-rising crypto is being primarily used as a tipping system on popular social media platforms like Twitter and Reddit in order to reward the creation or sharing of quality content.

Crypto exchanges presently having Dogecoin listed include YoBit, BitAsset, Binance, Huobi Global.
More details shortly…

BlazeNewz Disclaimer

The information contained in this post is for general information purposes only. Opinion articles, comments are solely the responsibility of the author and does not necessarily reflect the views of BlazeNewz while we endeavour to keep the information accurate with objectivity as we adhere to global practice of journalism. Read our full Disclaimer.

Hammed Tajudeen is the editor in-chief of Blaze News, holds Higher National Diploma(HND) in Mass Communication, graduated from Osun State Polytechnic, Iree.

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