Attention : Elon Musk’s Secret Dogecoin Plan!
Elon Musk is a huge fan of cryptocurrency and has always supported the cryptocurrency against the fiat currency. On the top of all, where Elon is in favor of cryptocurrency and recommending people to invest in Dogecoin because it has a bright future. Elon Musk has always tweeted in favor of Dogecoin since its launch to attract his followers towards Dogecoin. It was Elon Musk tweets that have given the rise in worth of Dogecoin.
Why Elon Musk has always given his statements in favor of Dogecoin?
Elon Musk was very famous for his business. He is a famous entrepreneur and has 44.8 eight million followers on Twitter. Elon Musk, through his tweets, shows his interest for the Dogecoin. He once tweeted that Dogecoin is inevitable, and that means that no matter what people think about Dogecoin, you cannot avoid the increase in its worth when there are people who does not believe in the value of Dogecoin will increase.
Elon’s tweet created more interest in his followers, and they have started considering it as a best investment option and lead to the increase of about 10 million market cap. So the price of Dogecoin increase of this time. Furthermore, Elon once replied to a question on Twitter about Dogecoin that it is going to be my favorite cryptocurrency and this led to the truth of today’s world.
Reasons why Elon is so much in favor of Dogecoin
There are many reasons that Elon Musk tweets for Dogecoin, and it is his favorite cryptocurrency. He has given several reasons for being in favor of Dogecoin. The first one is that it causes less damage to the environment. Elon Musk has deemed it the people’s crypto because it is very affordable for people that it will be the cryptocurrency, that the whole world will invest in it.
Dogecoin is the only currency that will benefit the investors with such high percentage in the near future if you buy the crypto coins now or if you’ve already bought them. He also stated that he wants to be working with those devs to expand their systems, efficiency and the worth of the coin as well.
Elon secret Dogecoin plan
Elon Musk, in his tweet on April 1st, 2021, said SpaceX is going to put a literal dogecoin on the literal moon where he meant to point towards the increasing price of Dogecoin. And Elon’s plans are higher than something that is only limited to the investment of Dogecoin or increasing its worth or supporting it. Elon Musk has also tweeted that he is going to shift his Tesla payments from Bitcoin to the Dogecoin.
So what is Elon secret plan now? Elon has decided to work with the Dogecoin developers in order to increase its worth. He was the one who has always tweet in favor of it and tried to increase its worth. Another programmer and founder of Cardano, Charles Hoskinson has suggested that if Elon Musk is working with the developers of Dogecoin, then he must try to change the algorithm of Dogecoin.
It is important to increase its worth that Dogecoin must use hash core algorithm instead of script algorithm of Bitcoin being based on script. Using the hash core algorithm is the advanced and fastest way of doing more than ten thousand transactions per second. With these ideas, we can assume that Elon Musk has a huge plan for Dogecoin, which will surprise its investors for sure.