Elon Musk 'Cheers' Dogecoin Founders' Statement: People Serious About 'Satirical Meme' Money Ruins Its Charm

Elon Musk just gave a "cheers" emoji to a statement made by Dogecoin's founder about the meme's actual purpose and how taking it seriously "ruins its charm." The statement reveals what the creator wants to happen when it comes to the particular coin.

Elon Musk Engages with Dogecoin Founder's Tweet

Dogecoin has been the talk of the town which was highly contributed by Elon Musk talking positively about the coin. Most people who have heard of the statement "to the moon" mostly come after the statement saying "Dogecoin" as well.

According to Forbes, the previous consensus was that $DOGE would reach $1 per coin, but the cryptocurrency's all-time-high peaked at $0.53. The cryptocurrency is one of the most bearish coins in the top 10 cryptocurrencies over the last 30 days.

$DOGE Engagement

While the hype for $DOGE has started to decrease, the creator of Dogecoin himself has released a statement on Twitter sharing his actual thoughts when it comes to the coin. Elon Musk, Tesla CEO and considered Dogecoin whale, replied to the tweet with a "cheers" emoji.

According to a tweet by Shibetoshi Nakamoto @BillyM2k, IMO, $DOGE is really at its very best when it remains funny. It was also stated that wanting the future or the universe economy to ironically be using a satire meme money is a "fun story" that people can also get behind.

Dogecoin Creator has Something to Say About Coin

The creator then noted that when people start to get way too serious or even militant about everything, the creator says that this would ruin the charm of everything. The ending statements of the tweet from Shibetoshi Nakamoto were to keep Dogecoin "fun" and "absurd."

To this, Elon Musk replied with a "cheers" emoji. Could this signify the days of $DOGE are finally over? As of the moment, it's hard to say. However, with the statements from the creator themselves, it is clear that they want to keep Dogecoin "fun" and "absurd."

Dogecoin Price Prediction

The effect this has on investors and traders is still unknown as of the moment, as the coin still trades at a low $0.26. According to WhaleBot Alerts, the coin is bearish by -22.9% during the last 30 days after increasing by 11.1% in the last 24 hours. This significant increase also comes with the other top 10 cryptocurrencies, as the majority has increased over the last 24 hours.

As to whether or not the prices of Dogecoin will start becoming bullish is still unknown, but with the clear message by the creator of $DOGE themselves and the reply by Elon Musk, if what happened in the past would repeat itself, there might be a significant change in movement for the coin. It, of course, is still speculative, with not enough backing data to prove or confirm the movement.

This article is owned by Tech Times

Written by Urian B.