The SpaceX & Tesla founder, billionaire Elon Musk has a knack to stay in the spotlight for a host of reasons. His bold claims on Twitter end up being headlines on mainstream media which goes to show you how influential of a personality Elon Musk has become over the last decade. He is one of the early adopters’ cryptocurrencies have favored them ever since such digital currencies showed up in the picture.
The weight that Musk’s tweets carry is enough to shake the businesses
Musk has been quite picky about cryptocurrency lately and strongly favours Dogecoin over any other type of cryptocurrency. He has been quite vocal about the benefits that Dogecoin provides the user, which has not yet been facilitated by any other cryptocurrency currently in circulation. Elon Musk opines that the overall transaction rate of Dogecoin is way superior to some of the leading digital assets in the likes of Bitcoin & Ethereum. He also claimed that the transaction fee that Dogecoin charges is way more reasonable than Bitcoin has ever been.
Why Musk never misses an opportunity to back Dogecoin whenever he gets the shot?
The aerodynamic billionaire has gained immense popularity due to the bold remarks that he usually makes on prominent social media platforms. In his latest post on Twitter, Elon Musk was heavily trolled when he suggested that McDonald’s should start accepting Dogecoin as a mode of payment. https://crypto-trader.cloud/ will take you through the full report that will reveal the aftermath of the incident which recently ensued on Twitter. Elon is a world-famous cryptocurrency enthusiast who never misses an opportunity to shove such digital assets down the throat of the general public. Such technological advancements may be super convenient but should not be mandated on anybody.
The unprecedented flow of technology should not be forced
People should be free to choose instead of being forced to accept. The scenario has changed completely, and the general public doesn’t seem to be posing significant questions against such a massive push from cryptocurrency. Everything technological advancement is being normalized, which might have immense benefits, but they are equally detrimental in some cases.
Nonetheless, this is one of the drawbacks of living in such a hyper-competitive environment where technology & digital assets begin to make rules for the common man. Elon Musk tends to have a great hold of technology which is why his opinions are strong & powerful enough that they can rock the crypto industry overnight. Such incidents have occurred in the past, which is why the element of volatility in the crypto ecosystem seems to be something that cannot be easily dispensed with.
Social Media platforms always have as the catalysts to new changes
Twitter is one of the most volatile social media platforms in existence which carries the potential to transform any significant issue into a nationwide debate. Dogecoin has gained immense popularity over the years due to its easy-to-use characteristics and low transaction fees. The possibility of earning maximum returns turns into a concrete reality with Dogecoin. For Example: if you only had invested $1000 dollars into Dogecoin at the beginning of the year, you would now have been sitting on the returns of $85,000. It might sound a little exaggerated, but it is not an exaggeration in the slightest. This is the value that Dogecoin has been able to deliver to the traders.
Now, one might wonder how the returns are so humongous that people have earned a fortune through trading in cryptocurrency? Well, the sole answer to this question is that the crypto industry is full of volatility, and there have been so many fluctuations in the overall prices of such digital assets that the market has become extremely opportunistic. Now, the sheer element of luck also plays a predominant role while investing and trading in cryptocurrency. However, you should not solely rely on Dogecoin as a long-term investment as no cryptocurrency can promise a secured future to any individual who is active in the crypto industry.
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