Elon Musk Names Dogecoin As One Of Three Cryptos With A Good Future
Dogecoin remains Elon Musk’s favourite cryptocurrency, and the billionaire’s belief in the meme coin seems unbroken. As the crypto winter progresses, there is much speculation as to which projects could move forward and become stronger. They are still the most prominent cryptocurrencies on the market, but Elon Musk, CEO of Tesla, added Dogecoin to the list of coins with a promising “future.”
Bitcoin, Ethereum, And Dogecoin
Elon Musk went to a Twitter section where he shared his thoughts on the current crypto market climate and gave the digital assets he believed would survive. In the room, almost 1 million people attended; Musk named possible candidates Bitcoin and Ethereum but added Dogecoin to the list. Although the crypto winter would be long, according to the billionaire, these were the three cryptocurrencies he believed would still have a future. These were the assets he was most confident in, as he said he wasn’t sure about the others.
“I think there’s probably a future for Bitcoin, Ethereum and DOGE. I can’t speak to the others,” the billionaire said. “But if you have any of these three in a cold wallet and from an exchange, it works well. It also reaffirms Musk’s support for the cryptocurrency, even when it had lost a significant chunk of its peak value.” Everyone” times.
Musk Weighs in On FTX Collapse
FTX’s collapse and eventual bankruptcy remain a hot topic, and Musk shared his thoughts on it. Musk reiterated that investors should take this as a sign not to keep their cryptocurrencies on exchanges. Instead, they should be stored cold. Purses. Commenting on former CEO Sam Bankman-Fried, the billionaire said he first heard about SBF in April 2022 in connection with the Twitter acquisition deal. Money that plans to invest in the Twitter deal,” the Tesla CEO said.
Musk would decline SBF’s offer to invest in the Twitter deal, believing the FTX CEO had missed his “bulls**t meter” at the time.
Musk’s support for Bitcoin, Ethereum, and Dogecoin helped as all three digital assets improved significantly this week. They’re still in the wood but have held their own after forming good support. Bitcoin trades above $16,800, while Ethereum has held up well to $1,200. DOGE’s price is trending at $0.089 at the time of writing, allowing it to maintain its place as the 8th largest cryptocurrency on the market.