By Shelly Melancon (Switzerland)
Elon Musk has never hidden his love for cryptocurrency, and it’s not about to begin now. The Tesla CEO and World’s richest man has never stopped pumping money into the crypto ecosystem and has already laid out plans for Tesla to start accepting crypto payments. In recent times, Musk has professed his likeness for Dogecoin, and even posted some memes now and then on his Twitter handle. This time, however, he has likened the Dogecoin to an ancient Roman dog.
Musk Comments On a Picture Shared on Twitter
The American Billionaire commented on a picture shared on a Twitter handle owned by Gareth Harney. The image depicts an ancient Roman dog from the fort of Vindolanda. Musk labeled the skeletons as “ancient doges”, sending shivers down the spine of members of the Doge community.
Not long ago, the SpaceX CEO supported a comment made by fellow billionaire and ardent Dogecoin fan Marc Kuban. Kuban stated that Dogecoin was more solid than Bitcoin and other altcoins as far as payments were concerned. Currently, Dogecoin is trading at $0.31, and experts are predicting that comments like this from Musk and Kuban can strengthen Dogecoin’s value on exchanges.
Dogecoin Is Still Below $1 on Exchanges
When August began, Doge traded at $0.20. However, it managed to rise to $0.34 sixteen days later. This was the peak before it dropped to $0.31. It’s still no match for Bitcoin or Ethereum, and still less popular than the former.
Bitcoin continues to maintain its resistance against the dollar, trading at the $50k level. Since its rise, it hasn’t made an upward movement, stirring reactions amongst traders that it could witness a sharp downward trend. It’s still too early to conclude that Bitcoin will shoot downwards, although technical indicators display weakness.
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