Dogecoin price rises: Mark Cuban calls it the strongest cryptocurrency, Elon Musk agrees

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Elon Musk again supports his favorite cryptocurrency: Dogecoin. His tweet comes after billionaire entrepreneur Shark Tank Star and Dallas Mavericks owner Mark Cuban named the meme coin as the most powerful medium of exchange in the cryptocurrency world. Cuban is known as a fan of Dogecoin and often shows his support on Twitter. But nothing can beat the Tesla and SpaceX CEO’s enthusiasm for virtual currency. Musk agreed with Kuban’s views. Responding to CNBC’s tweet: “Mark Cuban says Dogecoin is the ‘strongest’ cryptocurrency as a medium of exchange,” Musk tweeted, “I’ve been saying that for a while.” His point is made. Nobody can scare Mr. Musk off anymore.

Musk’s tweet received over 26,000 likes and 4,000 retweets in four days. The political strategist and entrepreneur Erich Reimer answered him with just one word: Should we understand it as his support for Dogecoin? Maybe we should.

Bloomberg editor Ed Ludlow replied, “The question is, why is it the strongest Elon Musk?”

Billy Markus, the co-creator of Dogecoin, which is said to have started just for fun, also responded to Elon Musk’s tweet under the handle Shibetoshi Nakamoto. He wrote: “I also agree with this quite impartially.” We see what he did there.

I agree with that without bias

– Shibetoshi Nakamoto (@ BillyM2k) August 14, 2021

But many laughed at Musk’s ongoing hype about the meme coin.

It’s true, if someone Doge dropped me off, I wouldn’t be able to trade him in for literally anything else quickly enough.

– Joel Heyman (@JoelHeyman) August 14, 2021

CJ Wilson, the retired baseball pitcher and entrepreneur, was a lot tougher.

embarrassed by the lack of math skills for anyone in this position. Doge is worse than USD

– CJ Wilson (@ str8edgeracer) August 15, 2021

Other users are putting pressure on Musk to actively get Tesla to accept Dogecoin.

Dogecoin followers seem torn over the decision of whether to support or avoid the cryptocurrency lately. Many of them have been quite worried about the performance – and that of the cryptocurrency market – over the past few weeks. Still in a lows, backers often ponder the future impact of their investments. However, the CEO of Tesla and SpaceX continues to actively support it with tweets and memes – not to forget his SNL appearance as “Dogefather”. Dogecoin price in India was around Rs. 26 on Aug 17th.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

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