bitcoin

Dogecoin is once again in the limelight. Now for what reasons?

Dogecoin, a meme currency, has caught the attention of people once again because a billionaire, Mark Cuban, said it’s the people’s way to pay. Another Doge lover, Elon Musk, agreed with Mark saying he is saying this for a long time now.

The Doge is sometimes called meme currency, have you ever wondered why? The reason behind this is that the coin was generated as a joke to make fun of speculation in the crypto market at that time. Despite its creation reasons, many people like Elon Musk and Mark Cuban think that it is a legitimate currency and has more potential of being a real currency than Bitcoin.

Dogecoin “Strongest” crypto:

Mark, the owner of NBA team Dallas Mavericks, started accepting Doge in March, and Shark Tank star has revealed that a lot of sales were made with Doge. Mark even urged Ellen Degeneres to accept Doge at her shop. Elon Musk, who is also known as  Dogefather is a big supporter of meme currency.

Dogecoin
Source: Twitter

Dogecoin has made a lot of progress this year and is satnding tall with a market cap of $78 billion. The billionaires think that Doge is the strongest crypto even from Bitcoin. Mark in an interview with CNBC said that doge is the strongest medium when it comes to goods and services. CNBC shared a thread and Dogefather replied that he has been saying the same for quite some time. Mark said that:

 “The community for doge is the strongest when it comes to using it as a medium of exchange.”

The discussion of the two billionaires has a positive impact on the market and Dogecoin price is in an upward trend.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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