Musk Reveals The Reason Why He Supports Dogecoin, Says It's Because Of Tesla And SpaceX Factory Workers

Musk unveiled the reason why he actively supports dogecoin in an interview with Bloomberg He further stated that the reason why he supports Dogecoin is because of SpaceX and Tesla factory workers The internet's “Dogefather” has finally unveiled the reason why he continues to support Dogecoin despite all odds. In a recent interview with Bloomberg, Elon Musk disclosed intricate details on why he actively supports and endorses Dogecoin.

Timeline of Dogecoin

Billionaire Elon Musk is one of the most vocal supporters of Dogecoin. Using his platform and notoriety, Musk had been one of the major factors behind the run-up to $0.70 for DOGE in early 2021 before it began to decline.

Popular cryptocurrency exchange Crypto.com has removed 15 cryptocurrencies from its Crypto Earn rewards program, including leading meme-inspired cryptocurrencies like Dogecoin ($DOGE) and Shiba Inu ($SHIB). The platform announced the removal of these 15 cryptocurrencies along with the inclusion of three new cryptocurrencies: Zilliqa ($ZIL), Fantom (4FTM), and $NEAR, which allow for rewards rates of up

Dogecoin (CRYPTO: DOGE) was trading almost 5% lower at one point during Tuesday's 24-hour trading session after failing to regain the 50-day simple moving average on Sunday and Monday, which enticed sellers into the crypto. The retracement lower has settled Dogecoin into a possible bull flag pattern, although the formation is imperfect because of the gradually sloping pole.

Dogecoin (CRYPTO: DOGE) dropped 7.6% to $0.07 over 24 hours leading up to early Tuesday. DOGE dropped along with other major coins as the global cryptocurrency market cap decreased 2% to $932.9 billion.

Dogecoin price analysis is bullish today as we expect the current retrace to have ended after a drop to the $0.07 previous support. Likely DOGE/USD will continue even higher from there and look to break the previous local high at $0.078 and continue towards the next major resistance at $0.0875.

Dogecoin (DOGE) and Shiba Inu (SHIB) fell on Tuesday after Crypto.com said it will stop offering rewards on the two most popular memecoins. Crypto.com, a major cryptocurrency exchange, removed Shiba Inu and Dogecoin along with 13 other tokens from its earn program.

Crypto.com removed DOGE and SHIB from its Earn program but also 13 more coins will be removed as well so let's read more today in our latest cryptocurrency news. Although Crypto.com removed DOGE and SHIB as well as 12 other coins, it decided to add NEAR, FTM and ZIL to its platform.

Cryptocurrency exchange Crypto.com has removed Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and several other crypto tokens from its Crypto Earn rewards program. What Happened: In an announcement on Monday, the exchange said that 15 tokens would no longer be available.

Elon Musk, the Tesla and SpaceX founder, explained why he supports the meme altcoin and what he plans to do next. The post Elon Musk Explains Why He Supports Dogecoin and What's Next appeared first on BeInCrypto.

Meme-based cryptocurrency Dogecoin (CRYPTO: DOGE) saw a triple-digit percentage increase in high value transactions on Monday.   What Happened: According to data from IntoTheBlock, DOGE saw a 118% increase in transactions that had a minimum value of $100,000.