Elon Musk Remains Supportive of Dogecoin
At this year’s Super Bowl, Tesla CEO and multibillionaire businessman Elon Musk once again showed his support for Dogecoin by donning a T-shirt bearing the emblem of the well-liked cryptocurrency. Musk has greatly influenced the hype around Dogecoin’s value because to his extensive social media presence.
Dogecoin is hailed by Musk as “the People’s Cryptocurrency”
Musk continues to be a steadfast supporter of Dogecoin despite criticism from financial professionals, dubbing it the “people’s cryptocurrency” and even speculating that it would eventually replace all other currencies.
The Super Bowl is missing the crypto industry.
This year’s Super Bowl included no presence from the cryptocurrency industry, unlike previous year, when it was known as the “Crypto Bowl” because of the numerous advertising from cryptocurrency businesses. This is because one of the biggest cryptocurrency exchanges, FTX, just crashed. FTX had intended to run an advertisement during the major game.
Advances in Musk’s “Everything App”
Musk is moving forward with his intentions to release a comprehensive app as his business applies for the necessary licenses to accept payments on its platform. Only fiat payments will be accepted at first, with a view to eventually including cryptocurrency payments as well.
Future of Twitter and Dogecoin
Elon Musk hasn’t given up on the well-liked cryptocurrency just yet, regardless of whether Twitter will finally adopt it or not.