It seems that Elon Musk, the richest man on the planet, is very serious about being obsessed with the meme cryptocurrency Dogecoin (DOGE).
After several days of uninterrupted DOGE memes, Musk is now speaking in a more serious tone about the technical feasibility of Dogecoin. In a recent tweet, he shot Bitcoin’s possible deflationary monetary policy to justify the Shiba Inu-inspired 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.”
He also pointed out that Dogecoin is โa few orders of magnitude fasterโ than the father of cryptocurrency.
Dogecoin returns to the top ten
The joke cryptocurrency Dogecoin (DOGE) returned to the top ten on CoinMarketCap (CMC) after rising to $0.0873 on Feb.7.