Elon Musk explains why Dogecoin is better than Bitcoin

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 “a few orders of magnitude faster” 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.

Doge. Source: coinmarketcap.com

Just one step away from the previous all-time high of $0.0875, it was within a day when the cryptocurrency rose more than 1,100%.

The final meme coin is now higher than Bitcoin Cash (BCH), supported by Stellar (XLM) and Rover Ver.

The Dogecoin revival undoubtedly proves the strength of Elon Musk’s Twitter. The billionaire at the helm of Tesla and SpaceX returned to Twitter last week and tweeted about DOGE sending the token through the roof.