Elon Musk Cryptocurrency Dogecoin - Best Blog
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If I support a precise factor, I’ll for certain invest in it, right? thus, why did Elon Musk invest $1.5 billion in BTC instead of in Dogecoins?
There area unit 3 prospects of the overwhelming support shown by Elon Musk for Dogecoins.
First situation
Elon Musk solely supports Dogecoins as it’s a cryptocurrency supported a culture.
And as memes have the facility of influencing the digital population in plenty, Elon Musk simply used Dogecoin to influence his digital circle.
But what’s his agenda behind employing a meme-based cryptocurrency?
The solution is straightforward, to form AN ever-ready army of followers WHO area unit able to do something whenever he requires the sake of a meme-connection or AN inside-joke factor - principally shopping for Elon’s own cryptocurrency.
Second situation
On the opposite aspect, as we know, Elon Musk may be a pretty chill and informal person; he may simply be hooting for the Dogecoin only for the sake of the culture community.
It’s attainable that there’s no back-influence or agenda connected to Elon Musk supporting and tweeting concerning Dogecoin.
Third situation
Last and definitely not least, Elon Musk could be supporting Dogecoin to form the immaterial cryptocurrencies relevant within the crypto market thus folks should purchase them on exchanges like LocalBitcoins.
As he’s the guy WHO created electrical cars relevant in today’s age, he could be supporting Dogecoin to form the long run of BTC and alternative cryptocurrencies shine bright.
Leading projects:
Bitcoin:
The leader of crypto, adoption level nearly complete maturity. During a few months, you may be able to pay something with Bitcoin with VISA or Mastercard.
Risk Level:
Low (4–5 years), higher risk short term because of short term volatility.
Ethereum:
The leader in good blockchain, that enable programmable cash or good Contract. Younger than Bitcoin, still a roadmap to maturity.
Risk Level:
Elon Musk Cryptocurrency Dogecoin
Middle to High, several competitors, Ethereum includes a robust community and powerful stigmatization (brand is understood and not simply replaced).
IOTA:
Probably the foremost attention-grabbing project of all. It solves all the weakness of Bitcoin and Ethereum, instant dealings, no fee, scalable, no mining, designed for the IoT (Internet of Things, any devices connected to net like camera, cars, sensors, …).
This is often future revolution in crypto.
Still several milestones to achieve, however February 2021 may be a huge date.
They reached important milestone, proving it works. Roadmap is finishing the last milestone, internal control.
Medium/High: Still terribly young project.
Not extensively tested technology, however very high potential risk / rewards. Impact on society is big.
Projection for the close to future:
I believe Bitcoin can still be a Store valuable, because:
People have high level of trust in Bitcoin.
The code is easier and mature.
Less likelihood to contain bugs, vulnerabilities, logical errors. And additional sturdy (10 years tested within the worse condition).
It is adopted and controlled in financial organization and government.
Bitcoin has an equivalent basic as Gold, however higher as a result of its digital.
Company area unit adopting Bitcoin on their record to hedge the inflation of edict currency.
I believe IOTA are going to be ubiquitous everyplace, if not visibly, it'll be everyplace however abstracted while not you noticing it.
Best Elon Musk Cryptocurrency Dogecoin
This one is tough to predict as a result of the amount of innovation and disruption it is able to do, and it's thus early for this technology.
Ethereum are going to be automating everything, property dealings, Business dealings, Chain provide, International business, functionary contracts, Investment commercialism, Lottery, Bet game, automating payment, something that presently need AN intermediator to conduct dealings might leverage Ethereum good Contract.
Dogecoin is that the people's crypto, Musk tweeted terribly late on Wed night.
He added, No highs, no lows, only Doge, and shared a Lion King culture of himself because the monkey Rafiki holding up baby Simba with a justice head.
The Tesla corporate executive has tweeted concerning Dogecoin variety of times since Gregorian calendar month 2019, once he declared, Dogecoin could be my fav cryptocurrency.
It's pretty cool. And as Musk has established multiple times, his tweets will move markets that have got
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