Elon Musk’s Dogecoin (DOGE) Shares Continue! Why is DOGE Better than Bitcoin (BTC)?
Tesla CEO Elon Musk explained why Dogecoin is better than Bitcoin (BTC) when Dogecoin (DOGE) entered the top 10.No joke: Elon Musk thinks Dogecoin is better than Bitcoin and calls the latter a “flawed deflationary”. Elon Musk, apparently the richest person on the planet, is extremely serious about his obsession with the meme cryptocurrency Dogecoin (DOGE).
After days of sharing nonstop DOGE memes, Musk talks about Dogecoin’s technical viability in a more serious tone. In a recent tweet, Musk outlined the situation for the Shiba Inu-inspired cryptocurrency, drawing attention to Bitcoin’s possibly deflationary monetary policy:
“Doge looks bloated but actually it is not (fixed number of coins per unit time), whereas BTC is arguably deflationary to a breakdown. Doge’s processing speed should ideally be several times faster. “
Musk also points out that Dogecoin is “several times faster” than the leading cryptocurrency .
Doge appears to be inflationary, but is not meaningfully so (fixed # of coins per unit time), whereas BTC is arguably deflationary to a fault.
Transaction speed of Doge should ideally be a few orders of magnitude faster.
— Elon Musk (@elonmusk) February 8, 2021
Dogecoin Reverts to Top 10
Dogecoin (DOGE) returned to the top 10 on CoinMarketCap (CMC) after surging to $ 0.0873 on Feb. 7 .
The cryptocurrency set new ATH, surpassing the previous all-time high, set after surpassing 1100% in just one day.The cryptocurrency is now above Stellar (XLM) and Rover Ver-backed Bitcoin Cash (BCH). The resurgence of Dogecoin is undoubtedly a testament to Elon Musk’s Twitter power. The world’s richest man at the helm of Tesla and SpaceX continues to praise the token from time to time.