Tesla billionaire Elon Musk is back with another shoutout for the Dogecoin, Musk has updated his Twitter profile picture to a photo of him with DOGE reflections in his sunglasses. Musk’s new look immediately piqued the market’s interest, with DOGE surging over 20% after he updated his photo.
Dogecoin came into the spotlight after Elon Musk, CEO of Tesla, tweeted “It’s inevitable,” along with the image of the meme cryptocurrency in July 2020.
Even though Dogecoin gained popularity, its creator Jackson Palmer recently attacked the whole crypto community by saying the cryptocurrency industry leverages a network of shady business connections, bought influencers, and pay-for-play media outlets to perpetuate a cult-like ‘get rich quick’ funnel designed to extract new money from the financially desperate and naive.
Related: Dogecoin to get a one-dollar mark, Elon gives yet another shoutout
Nevertheless, Crypto enthusiast Brian Armstrong, on the other hand, contradicted Palmer’s claims by highlighting the most significant advantages of cryptocurrencies, emphasizing that crypto is merely offering an option for individuals who desire greater freedom.
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