.elonmusk claims that Dogecoin could be a viable currency
that Dogecoin was a much cheaper alternative to popular card networks. For this to happen, the meme coin’s block time has to be reduced to ten seconds.
Meanwhile, Dogecoin has now plunged more than 91% from its peak, which was achieved one year ago. The meme cryptocurrency saw a short-lived price spike afterfinalized its deal with Musk. However, the meme cryptocurrency then plunged lower together with the rest of the market. Earlier this week, its price dropped below 10 cents.
In the tweet that attracted Musk’s attention, Billy Markus, the co-founder of the joke cryptocurrency, says that he likes the joke cryptocurrency because “it knows it is stupid.” The centibillionaire previously half-jokingly predicted that Dogecoin could become the currency of Earth. It would be “the most entertaining outcome,” according to the controversial entrepreneur.
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