Elon Musk has been tweeting about Dogecoin for months and, incidentally, skyrocketing its price. If in January 2021 DOGE had a price of $ 0.004, currently its value is $ 0.36 and its value has grown by 18,000% compared to last year. In other words, what began as a meme and a joke that emerged on the Internet, currently has a value of $ 46 billion Thanks, in part, to the support of personalities like Elon Musk.
This, says Charles Hoskinson, co-founder of Ethereum and creator of Cardano, is dangerous. In a recent broadcast on his YouTube channel, Hoskinson has addressed what he qualifies as a DOGE bubble, ensuring that It is a worthless cryptocurrency, without original technology and without a stable development team which is being driven by “the efforts of Elon Musk, primarily, and the manipulation of the crafty whale market.”