Elon Musk surprises the Dogecoin community with his support for DOGE


Elon Musk, the real go-getter of Dogecoin and Shiba Inu Coin, has finally revealed why he loves these meme coins. He stated that many of his people “on the production lines at Tesla or building rockets at SpaceX” own these crypto coins.

Elon Musk, the founder and CEO of Tesla Motors and SpaceX, has been a long time supporter of cryptocurrency. Elon Musk has made his feelings about Dogecoin clear. He believes that this cryptocurrency is the people’s crypto and explained why he supports it in a Twitter post responding to Glauber Contessoto’s.

The Doge community is excited about Elon Musk’s recent comment and support of the cryptocurrency. “Most of us don’t come from privileged backgrounds and honestly can’t relate to the experts in Silicon Valley,” Contessoto responded.

Read: Shiba Inu Coin Price Forecast: SHIB hits an All-Time High

Read: Ethereum Price Analysis: Ethereum may be on its way up

Elon Musk has never been one to hold back his opinions. He is an avid Twitter user who spends much of his day engaging with people worldwide, including investors and CEOs, to build awareness for new products or services he might have come down the pipeline (or not). But when it comes a time, make crypto-related decisions.

Elon Musk surprised many people by going off the cuff and shedding light on his investment calls. Elon Musk has been a big supporter of Dogecoin. He started to tweet about it back in 2019 and mentioned working with them throughout the year, though he hasn’t recently had contact with developers from this cryptocurrency.

Elon Musk, who previously said he owns three cryptocurrencies (Bitcoin, Ether and Dogecoin), announced on Sunday that he does not own any Shiba Inu tokens.

Furthermore, The price of Dogecoin has been on a steady upwards trend this week, increasing by 11%. At the time I’m writing, it is worth about 0.2671 USD based on data from CoinMarketCap. Thus, Dogecoin Price is expected to see a bullish rally soon.