Dogecoin is one of the more unusual cryptocurrencies in the crypto space. Based on a popular internet meme, DOGE became more popular in 2020 after Elon Musk, the CEO of Tesla, tweeted regularly about it, leading to a spike in its market value. This came around the time that Tesla bought $1.5 billion worth of bitcoin, marking its entry into the crypto market.
As unique as dogecoin is, it is not as widely available for purchase as bitcoin or ether. However, Elon Musk is sticking up for dogecoin and advocating for greater public access to the coin.
Elon Relishes Dogecoin
Musk’s most recent comments about dogecoin were made via Twitter in response to a question by a Twitter user about dogecoin and Tesla’s use of Coinbase for its BTC purchase.
“Hi Elon, I saw a report that Coinbase was used for the Tesla BTC purchase (nice entry btw)Do you think Coinbase should enable Dogecoin on their platform? It would enable many folks to easily access DOGE,” the Twitter user asked.
Musk simply replied saying, “Yes!”, implying a positive response to both the report about Coinbase and his feelings about dogecoin being listed. The listing of a digital asset can have a massive effect on how successful it can be in the long run. If a popular coin is easily available on the biggest exchanges, it has a higher chance of progress.
Likewise, if i’s not widely listed then the chances of investors being able to buy and sell …
Story continues on Zycrypto