Dogecoin is regaining all it lost last week after Elon Musk’s SNL live appearance where the tech billionaire and a Dogecoin lover jokingly called the ” Shiba Inu”, Inspired cryptocurrency a “Hustle”, which saw the cryptocurrency dip into the red candle bars, loosing -38% dropping from $.07 cents to deep fall of $0.4 and subsequently dipped $0.35 cents.
Today seems to be a good day for the “Shiba Inu”, Inspired cryptocurrency Doge. Dogecoin is recovering from it’s previous red candle bar falls gaining over 41%. As at the time of writing Dogecoin sits at 41.51% gains and its trading at $ 0.55 cents on Binance exchange.
More goods news for Dogecoin as Elon Musk tweeted on May 13, 2021, stating that he’s working with Dogecoin developers to enhance Dogecoin payment system. He added that the project is “Potentially Promising”.
This announcement came few days after Elon Musk announced Tesla will no longer accept Bitcoin as payment for it Tesla Electric cars, siting concerns about Bitcoins’ environmental friendliness. ” To be clear, I strongly believe in crypto, but I can’t drive massive increase in fossil fuel use, especially coal”.
At the same time frame Elon Musk in one of tweets about Dogecoin had asked his 54.6 million followers via a pool on Twitter what they think if Tesla would accept Dogecoin. The pool has since received 78.2% ‘Yes’, and a 21.8% ‘No’, at the time of writing.