The cryptocurrency DOGE, which Elon Musk says is more stable than Bitcoin and rejected the claims that it is a bubble, became the 10th most popular crypto currency in terms of transaction volume.
More than ever “talking” about cryptocurrencies Elon Musk, with this move also causes some cryptocurrencies to become overvalued and receive “bubble” comments. Finally, yesterday Musk was the founder Tesla has announced that it has bought $ 1.5 billion of Bitcoin and Bitcoin’s value in the following hours It had found 48 thousand dollars.
However, Bitcoin is not the only cryptocurrency Elon Musk has increased in value and market size. A cryptocurrency named after the Shiba Inu dog breed Dogecoin (DOGE) Elon Musk, who is constantly making statements about DOGE, said that DOGE is not a bubble, even more “reliable” than Bitcoin.
“DOGE inflationary /it might look like a balloon but definitely not “ However, Bitcoin’s error is open to debate, Musk said. deflasyonist stated that. Also, according to Musk, DOGE’s processing speed is ideally several times higher. These statements by Elon Musk also enabled DOGE’s transaction volume to increase significantly.
When we examine CoinMarketCap data right now 10.74 billion dollars We see that Dogecoin, which has a trading volume, is the 10th most popular cryptocurrency. Chainlink (LINK) with a transaction volume of 10.2 billion dollars just above DOGE; Below is Bitcoin Cash (BCH) with a transaction volume of $ 9.02 billion. Musk has also enabled DOGE’s market value to increase. DOGE, which was traded at $ 0.078 at the time of writing our news, More than 135 percent increase in value in the last week has seen.