Since 2021 began, almost every cryptocurrency in the industry has gained enormous adoption and investments. The overall nature of the cryptocurrency industry since the beginning of 2021 has remained bullish.
Even to this day, the overall cryptocurrency industry is flying high and is in all greens. However, one particular cryptocurrency has given many jaw-dropping moments to the entire cryptocurrency industry.
Dogecoin (DOGE), a cryptocurrency founded as meme crypto, only for entertainment purposes, is now one of the leading assets in the crypto-verse. The main task here is that how did a meme coin ended up gaining so much rally and became one of the top cryptocurrencies in the crypto-markets.
The answer is Elon Musk, who has been involved in almost every single rally that the digital asset experienced since the beginning of 2021. Elon Musk has reportedly been using his Twitter profile to boost the market price of Dogecoin (DOGE).
So far, Elon Musk has made several concealed tweets about random stuff but he always mentioned DOGE in this comment indirectly. Now the cryptocurrency community and his followers keep a close eye on Elon Musk’s new comment on Twitter.
If he hints towards DOGE, his followers and cryptocurrency investors start rallying towards the platform. On several occasions, Musk’s tweets have injected huge rallies for the digital asset, and he continues doing it even to this day.
On Saturday, May 8, Elon Musk is expected to host the Saturday Night Live show. Many are claiming that Elon Musk will finally burst the bubble that has been building around DOGE ever since the start of 2021.
It was revealed by many sources that Musk now intends to clarify his stance around cryptocurrencies and most importantly, DOGE. Even before Musk’s appearance on the SNL show, the price of DOGE started experiencing a surge.
Musk has finally shared his thoughts is the overall reputation of cryptocurrencies. He stated that cryptocurrencies remain one of the most speculative investments.
In one of his recent tweets, Musk has shared a piece of advice with all his followers and the entire cryptocurrency community. He advised that no one should end up taking out all their investments and end up investing them for cryptocurrencies.
A few months back, Elon Musk had stated that he sees cryptocurrencies as the future of finance. He stated that as per him, the cryptocurrency industry would take over the traditional financing system.
However, he stated that the main question is whether it is going to be DOGE or any other cryptocurrency asset.
Since the beginning of 2021, DOGE has made humongous progress in terms of price and market capitalization. If DOGE continues making progress in the market of cryptocurrencies, then there are possibilities that DOGE would gain even more recognition.