Musk identifies Dogecoin as one of three cryptos with a promising future
Dogecoin is Elon Musk’s preferred cryptocurrency, and the billionaire’s faith in the humour coin seems unshaken.
As the crypto winter continues, rumours abound over which projects will survive and emerge stronger. Elon Musk, CEO of Tesla, has added Dogecoin to a list of coins with a promising ‘future’ despite the fact that Bitcoin and Ethereum continue to dominate the market.
Elon Musk entered a Twitter Space where he discussed the present crypto market conditions and listed the digital assets he felt will endure. In a forum attended by over one million people, Musk mentioned Bitcoin and Ethereum as the most probable options, but also included Dogecoin.
According to the millionaire, the crypto winter will endure for an extended period of time, but he thought that these three cryptocurrencies would have a future nonetheless. These were the assets about which he felt most confident, while he said he was uncertain about others.
A fate of ETH, BTC and DOGE seems likely to me. The billionaire remarked, “I can’t really speak for the others.” However, “I suppose my view is that works out well if you have one of those three in a cold wallet and of an exchange.” It also shows that Musk still has faith in Crypto even after it dropped almost half its value.
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