Elon Musk tweeted about Dogecoin again.
In the past, he had already been involved in an exchange of jokes about this cryptocurrency born for fun, and once again he reiterated his interest in it, with a very playful tweet.
In fact, he first posted a picture of a dog looking at a birthday cake with a 3-shaped candle and an inscription saying that he doesn’t even know what numbers are and then he added:
“They have the best coin.”
The tweet is based on a meme that has been around for several years, of which the photo of the dog is just another variation, and it is about the fact that dogs are often portrayed in poses that suggest they are doing something specific, when in fact they are often not doing anything special.
After sharing the picture that portrays a dog who, in front of what looks like a cake for his birthday, seems to say he doesn’t even know what the one in front of him is, Musk ironically adds that dogs even have their own coin, the best of all.
The reference to Dogecoin is not explicit but it is clear, especially because Dogecoin was born as a joke, and although to date it is still among the top 40 cryptocurrencies for market capitalization, it has lost a lot from its historical peak.
In fact, from about $0.01 at the beginning of 2018, it is now worth just over $0.002, which is 80% less. As an example, Bitcoin is now worth about 50% less than its historical peak.
Another user then shared Musk’s tweet adding:
“Everything Elon Musk has done has been successful. He never made a mistake of intuition. All his ideas were successful. He is the king and his words become laws. CZ, I want to pump this coin like never before, but I want Dogecoin margin trading (Doge/BTC not USDT)”.
It is clear that Dogecoin is able to generate laughter, and that the project is not being taken so seriously. However, on a technical level, it continues to function and be used, albeit mainly as a speculative asset.
It is worth noting that Elon Musk must have been impressed in some way by this project to mention it in a tweet that had nothing to do with cryptocurrencies.