Tesla and SpaceX founder Elon Musk has caused a stir on Twitter after referring to dogecoin as the best cryptocurrency.
In a tweet, Musk posted a photo of a dog with the caption “Dogs rock.” Musk then followed up the tweet with a subsequent post saying “They have the best coin.”
They have the best coin— Elon Musk (@elonmusk) March 3, 2020
Musk has previously referenced dogecoin in his sparse tweets related to cryptocurrency. In April 2019, Tesla’s founder called DOGE one of his favorite cryptocurrencies after making the short-list for potential CEOs to run the token.
Dogecoin might be my fav cryptocurrency. It’s pretty cool.— Elon Musk (@elonmusk) April 2, 2019
DOGE has created a stable presence in the industry of cryptocurrency despite primarily being a meme coin.
Users were thrilled with Elon’s joking reference towards DOGE, with a number of Twitter users predicting that the coin would likely see a pump in price.
I’m buying 🙄— cryptoifiwereu (@cryptoifiwereu) March 3, 2020
Everything @elonmusk has done has been successful. He never made a mistake of intuition. All his ideas were successful. He is the king and his words become laws. @cz_binance I want to pump this coin like never before, but I want #Dogecoin margin trading (#Doge/#BTC not USDT) https://t.co/QoBuj7YACZ— Samu🐋 (@QuodSemper) March 3, 2020
Charlie Lee, founder of Litecoin, pointed out that dogecoin had been featured in a recent episode of The Simpsons, alongside bitcoin and litecoin.
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