The Story of ELON MUSK, TESLA and DOGECOIN
Everyone craves for the new alts that are going to spike hard this week. But what if we told you there was a coin that can take over the market cap? No matter what the market trend is, whether it’s down, volatile or even crashing, Dogecoin will always find a way to remain under social attention. The most recent one is once again the news of the coin heading towards the moon, securing its one dollar mark position.
Most of Doges success is written by Elon Musk
Elon Musk, the tech billionaire and third richest man in the world, has always supported the main coin. Dogecoin is named after the famous Shiba Inu mem. Since the beginning of 2021, with the help of Musk tweets, Dogecoin was able to hit its all time highs. The last all time high of the coin at 73 cents was also pushed by Elon Musk. It was the primary reason why Dogecoin starts to get social attention.
Even as a joke, the Doge community has always been a strong and solid one. The tick tock trend created to make the coin hit one dollar was not that successful, but was successful enough to remember the coin. Even though the community has worked hard to make the coins down where it is now, the most efforts were taken by none other than on Doge father Elon Musk.
Why Tesla choose Dogecoin instead Bitcoin??
Elon Musk, the most noted genius of our time and CEO of Tesla Inc., has been throwing some serious hints about how much he loves Dogecoin. There is a high possibility Musk was taking Dogecoin as a payment for Tesla. Matter a fact, in April his company announced suspension on Bitcoin as an option for payment!
Why? Tesla is looking for coins that consume less than one percent of Bitcoins usage, and Dogecoin seems to fit the criteria well. Dogecoin is the second most efficient coin concerning the use of renewable energy sources for mining and transactions.
Dogecoin consumes zero point twelve kilowatt hours of energy for one transaction, which is less than one percent of Bitcoin’s energy usage. It is so efficient with its use of renewable energies when mining or making transactions it could even be regarded by Elon Musk himself as being among one (or two) best digital currencies out there right now.
Doge father will take Dogecoin to the moon
Musk has been using LMR (Low Mass Radio Satellite) to improve Dogecoins, and also working with developers to make them better. It’s possible that Musk might be using this influential power of space communication technology in order to excite the coin so much that it becomes viable option for being taken as payment. Elon Musk recently announced that SpaceX is mission to the moon is absolutely taking those to the literal moon.
A satellite dubbed Doge-1 will be reaching the moon first thing with the initiation, the first quarter of 2022, accompanied by SpaceX Rocket Falcon nine. This makes Doge the first crypto to reach the moon. Elon Musk has already agreed on holding up Doge, which makes him the ultimate Doge owner.
This tweet let the coins price shoot up by 20%. This is instead a buying opportunity for the coin because it’s likely that Tesla will take up Doge as a payment mode. Further, irrespective of that, Dogecoin price is estimated to hit one dollar in the near term. In case of being accepted as a payment mode.