Musk Pumps Dogecoin Again As Cardano Founder Offers To Help Development

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Last Updated on 10 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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The CEO of Input Output Hongkong and founder of Cardano, Charles Hoskinson, is one of the best liked crypto advocates out there. He comments on all things, from politics to conspiracy theories over to worldwide vaccination strategies.

Hoskinson, who got into a spat on social media with Cointelegraph earlier this week when the world’s biggest crypto media decided not to include him in their top 100 crypto personalities, has made a funny proposal to Elon Musk, CEO of Tesla and Space X recently in order to improve Dogecoin.

Musk, who had told his 45 million followers on Twitter that he would be taking a break from social media, returned with a bang two days later and blasted off a series of tweets promoting Dogecoin.

The memecoin which was created as a joke and has no updates, of course pumped 50% higher on the news and has been trading near the $0,04 range ever since. Knowing that it usually doesn’t come higher than $0,01, this is of course a stellar start to 2021.

Advertentie.

Starman

Only problem is that even though Doge is funny and it creates a lot of excitement, it is decentralized in the sense there is no core team. It’s an abandoned project.

Hoskinson, seeing an opportunity, told his fellow crypto enthusiast Musk:

If this keeps up, then we will have to pitch a treasury system for doge. Elon Musk what say you Starman?

The pitch seems very timely chosen as Cardano has risen by more than 50% over the past week whilst Dogecoin is once again climbing as well today and has gained more than 45% in the past week again.

It comes just as Musk asked his followers today which should be the future currency of the earth. Their choices were Doge to the Moooon or All Other Crypto Combined.

No wonder of course that Doge won by 73%