Price: $0.38385 0.2999%
Market Cap: 56.38B 1.7546%
Volume (24h): 8.76B 0.4%
Dominance: 1.7546%
Price: $0.38385 0.2999%
Market Cap: 56.38B 1.7546%
Volume (24h): 8.76B 0.4%
Dominance: 1.7546% 1.7546%
  • Price: $0.38385 0.2999%
  • Market Cap: 56.38B 1.7546%
  • Volume (24h): 8.76B 0.4%
  • Dominance: 1.7546% 1.7546%
  • Price: $0.38385 0.2999%
Home > Information news > Elon Musk Speaks About Dogecoin (DOGE) After A Long Time – BTC Price Reacts

Elon Musk Speaks About Dogecoin (DOGE) After A Long Time – BTC Price Reacts

Release: 2024/11/14 01:11 Reading: 767

Original author:Bitcoin Sistemi EN

Original source:https://coinmarketcap.com/community/articles/6734d78557974c64d6fe6e67

Elon Musk Speaks About Dogecoin (DOGE) After A Long Time – BTC Price Reacts

Elon Musk's Endorsement of Dogecoin

Dogecoin advocate Elon Musk recently extolled the virtues of the cryptocurrency in a statement on X (formerly Twitter).

Musk Addresses Inflation Concerns

Responding to criticisms about Dogecoin's unlimited supply and inflation, Musk stated, "Dogecoin's flat inflation, proportionally decreasing inflation, is a feature, not a bug."

Markus' Perspective on Inflation

Dogecoin founder Billy Markus previously suggested removing inflation from DOGE's mechanics by editing its open-source code. However, he emphasized the need for community and miner consensus before making any changes.

Musk's Prolonged Silence on Dogecoin

Elon Musk has not publicly discussed Dogecoin for an extended period, until recently.

Market Reaction

Following Musk's statement, Bitcoin's price experienced a decline, falling from approximately $93,000 to $91,880 at the time of writing.

Disclaimer

This article does not provide financial advice.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.