Working with devs to ‘improve efficiency’ of Doge- Elon Musk

Elon Musk voices tepid support for crypto after market-wide meltdown

Working with the Dogecoin developers to improve the cryptocurrency’s efficiency, Elon Musk’s latest foray into crypto markets came a few hours ago when he tweeted the aforementioned.

According to Elon Musk, in a potentially promising way, he is working in close contact with Doge devs to improve transaction efficiency of the system

The price climbed 26% from $0.38 this morning to $0.48 at the time of writing, according to CoinGecko

After the CEO noted on Thursday the firm is looking at greener cryptocurrencies that use less than 1% of Bitcoin’s energy per transaction, the tweet’s reference to “efficiency” seemed to lend weight to the idea Tesla may add Dogecoin (DOGE) as a form of payment

Dogecoin’s market capitalization had ballooned $10 billion in the immediate aftermath, in response of TradingView response to Elon Musk tweet.

Dogecoin market cap has increased to $66.7 billion as of this writing, an increase of almost $18 billion, from $49 billion it was at at 6 am on Friday

Another factor in the price rise could have been the news that Coinbase is planning to list the cult-favorite memecoin on the exchange within the next six to eight weeks.

 

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