Cryptocurrency

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Musk Needs to Push Harder

00:00:58

Dogecoin is one of the most popular playthings of the Twitterverse. People go on the platform every day to talk about the token and—in some cases—to affect its price. Elon Musk has made a hobby of this, going to Twitter ($TWTR@US) to push for the token, its use cases, etc. Doge remained flat overnight going into Monday as the global market cap dropped a fraction of a percent. This paltry sum comes on the heels of Elon Musk announcing that Tesla ($TSLA@US) would start accepting Dogecoin at its Santa Monica supercharging station. Musk also said that a futuristic drive-in movie theater-slash-diner was planned for that same area. Even so, Billy Markus, the noted Dogecoin co-creator, said Dogecoin was satire, mocking the cryptocurrency scene and its “rampant stupidity.” At press time, Dogecoin was trading at 13.5 cents, down more than 2% on a slight uptick in volume and a slight dip in its market cap.

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