Why is Elon Musk interested in Dogecoin?

Dogecoin soared on Friday after Elon Musk said he was working with the crypto’s developers to improve its efficiency as a means of payment. The cryptocurrency, which was conceived as a joke in 2013, rose over 30\% on Friday morning following Musk’s tweet.

Has Elon Musk said anything about Dogecoin?

Tesla chief Elon Musk said that cryptocurrency Dogecoin fees would need to fall for it to become more widely used in retail purchases. “Super important for Doge fees to drop to make things like buying movie tix viable,” Elon Musk tweeted.

Does Elon Musk own any Dogecoin?

Elon Musk owns only three cryptocurrencies, and one of them is Dogecoin – Protocol — The people, power and politics of tech. Buy now. Pay later.

Is Dogecoin being improved?

Dogecoin’s big update proposals, including cheaper transactions, the addition of SegWit and more could go live as early as mid-August. While the price of Dogecoin has slowed, Dogecoin developers, and Elon Musk’s tweets, have not. Dogecoin is expected to receive a rather large upgrade in the near future.

Who owns the most Dogecoin?

The top account, with the address ‘DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L’, currently holds 36,711,943,025 DOGE – or 28.28\% of all Dogecoin. This has a value of over $13.65 billion at the time of writing.

Does Dogecoin have Devs?

In February 2021, 16 software engineers were working on the project, in May there were three developers. 1000x. group statistics show that 12 software developers contributed to Dogecoin Core in August.

Who got rich off Dogecoin?

Glauber Contessoto
This 33-year-old ‘dogecoin millionaire’ is now being paid in the meme-inspired cryptocurrency—and continues to buy the dips. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year.

Will Dogecoin Make Me a millionaire?

It’s possible to become a millionaire in the stock market — if you have the right investments. Investments like Dogecoin can be tempting because of their explosive price increases. But high-reward investments are also often high risk, and Dogecoin is no exception.