Elon Musk, the renowned CEO of Tesla Inc. has once again playfully reiterated that Dogecoin (DOGE), the cryptocurrency based on the meme of a shiba inu, was the way to go.
It is no news that the CEO has a long-standing love for Dogecoin, having playfully touted the cryptocurrency which contributed to its ongoing rally. As market sentiment surrounding DOGE continues to be bullish, Elon Musk has now mentioned Dogecoin again, declaring that the coin is the people’s crypto.
Per his exact words, he said,
“Dogecoin is the people’s crypto,” adding in another tweet that there is “No need to be a gigachad to own” the coin.
As expected, the comments have sparked a new bout of interest among more conservative investors, especially those who made a sell-off in the past week following a massive rally of the coin in a bid to mirror GameStop’s gains in the cryptocurrency ecosystem.
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