Elon Musk Says Dogecoin (DOGE) Is Inevitably the Standard of Global Financial System
Solomon Odunayo
3 min read
The CEO of Tesla, Elon Musk, who doubles as the CEO of SpaceX has posted what looks like an endorsement tweet regarding the digital currency, Dogecoin (DOGE), calling it the standard that will overwhelm the global financial system.
The coin created out of meme, DOGE, had received major attention in the past through the Tesla CEO, Elon Musk. Sometimes in 2019, he was voted as the CEO of Dogecoin the community, which lasted for about 24 hours.
Ever since, Musk has many times tweeted in support of Dogecoin, which resulted in bringing huge attractions towards the cryptocurrency.
Elon Musk Says Dogecoin (DOGE) Inevitably the Standard
Elon Musk has once again shared a positive tweet regarding the digital currency, Dogecoin, which has since attracted over 100,000 reactions from the teeming followers of the popular car manufacturer.
In the tweet, Elon Musk said “It’s inevitable”, captioning an image containing an inscription that says Dogecoin is the standard that will overwhelm the global financial system.
It’s inevitable pic.twitter.com/eBKnQm6QyF
— Elon Musk (@elonmusk) July 18, 2020
Reactions from the Crypto Big Guns
This tweet called for the attention of a number of famous personalities from the cryptocurrency community, such as CZ Binance, Bruce Feton, David Gokhshtein, Crypto BitLord, Samson Mow, among others.
The CEO Binance, Changpeng Zhao popularly known as CZ said, “If this dog is a person, he would be on Forbes.”
If this dog is a person, he would be on Forbes.
— CZ Binance (@cz_binance) July 18, 2020
Elon Musk Acknowledged Himself as the Former CEO of Dogecoin (DOGE)
Back in April 2020, Elon Musk acknowledged his position as the former CEO of Dogecoin (DOGE) using the bio section of his official Twitter handle. This also attracted tons of reactions from the members of the crypto community.
Meanwhile, Elon Musk showcased his support for Dogecoin after delivering skeptical remarks on Bitcoin (BTC) on 3rd March 2020.
In the tweet, Musk said “Dogs rock – They have the best coin.”
They have the best coin
— Elon Musk (@elonmusk) March 3, 2020
The reason why Elon Musk keeps endorsing the meme token can be ascertained, but the cryptocurrency is actually leveraging the attraction for growth at all levels.
The effect of Elon Musk’s tweet has actually impacted the price Dogecoin positively in the market. At the time of filing this report, DOGE is trading at $0.003413, with a 14.63% price upsurge in the last 24 hours
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