It should be noted that Elon Musk has long supported the Shiba Inu-themed token to the extent that since January Tesla, his other company, already accepts Dogecoin as payment for some goods. Only bridged doge is likely vulnerable as the stablecoins are bridged using synapse and anyswap which are unlikely to be affected.
Once Musk himself celebrated on his social networks that he had acquired the blue bird company, Dogecoin's supporters now hope that the adjustments that the visionary entrepreneur will make internally can contribute to boosting the cryptocurrency as a form of payment for various services. However, its value has dropped nearly 80% since its all-time high in May 2021 in contrast, Bitcoin fell -1.61% and Ether -2.97%. Dogecoin is an open source peer-to-peer cryptocurrency, favored by shibas worldwide. Since Monday, when the South African tycoon presented his takeover bid, the value of Dogecoin jumped more than 17%.Īccording to information from CoinDesk, the cryptocurrency was trading at around $0.15. Before Elon Musk finalized the purchase of Twitter in exchange for 43 billion dollars, in addition to the company's shares soaring, there was also an air of hope for investors betting on Dogecoin. Dogecoin is an open source peer-to-peer cryptocurrency, favored by shibas worldwide. Dogecoin is an open source peer-to-peer cryptocurrency, favored by shibas worldwide.
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