Re:$365B wiped off cryptocurrency market after Tesla stops a...
by lhorie on Thursday May 13, 2021 @03:11PM
(#27146086)
Sort of. Among DOGE speculators, people were saying that the coin might start to be seen as more "serious" (read: track BTC swings more closely) if it reached $1. It was trading at around $0.70. Then Musk came out on national TV and pretty much took a hard "lol DOGE is just a meme" position.
A lot of people were already astronomically up on their DOGE holdings; having its biggest advocate in recent memory (recall Musk crowned himself "Dogefather") basically dismiss any hint that it might be a "serious" coin amounted to a signal that $0.70 was peak DOGE (IMHO).
Given that this latest quip from Musk is explained as being related to concerns about BTC's power consumption problems, I wouldn't be surprised to see him in the near future pumping another altcoin that advertises as having a power efficient network like NANO.
A lot of people were already astronomically up on their DOGE holdings; having its biggest advocate in recent memory (recall Musk crowned himself "Dogefather") basically dismiss any hint that it might be a "serious" coin amounted to a signal that $0.70 was peak DOGE (IMHO).
Given that this latest quip from Musk is explained as being related to concerns about BTC's power consumption problems, I wouldn't be surprised to see him in the near future pumping another altcoin that advertises as having a power efficient network like NANO.