Business magnate, Elon Musk, in yet another fillip to cryptocurrency Dogecoin started a Twitter poll on Tuesday asking “Do you want Tesla to accept Doge?” This comes within hours of Musk’s commercial rocket company SpaceX announcing that their new satellite will be called ‘DOGE-1’
Within an hour of his 24-hour window for the poll, 1,050,889 people had voted and 40.5 K had retweeted it. The value of Dogecoin is expected to gain a significant boost with this. Musk has the reputation of being the face of the once-obscure digital currency and has also given himself the title of “father of the dogecoin”.
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Musk has in the past posted many comments about cryptocurrencies on Twitter and spoken against regular old cash for having negative real interest rates. “Only a fool wouldn’t look elsewhere,” he said in February.
In another snappy tweet, he wrote “Doge” and “Dogecoin is the people’s crypto”. This triggered a rally in dogecoin. In a recent interview, Musk said of dogecoin, “It’s the future of currency. It’s an unstoppable financial vehicle that’s going to take over the world.”
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On crypto data tracker CoinGecko.com, dogecoin has jumped more than 800% over the last month. With a market capitalisation of $73 billion, it is now the fourth-largest digital currency.
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke. Dogecoin features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake