Elon Musk “extended the life” of the Dogecoin cryptocurrency, which could have “disappeared a long time ago.” This was stated by the CEO of Binance Changpeng Zhao during the AMA session.
The top manager expected the “extinction” of Dogecoin, given its “uselessness”, but Elon Musk became interested in the asset. According to Zhao, the founder of Tesla supported the interest in the meme token, which could otherwise come to naught.
The CEO of Binance admitted that he does not understand the attractiveness of such assets and is not their owner, preferring cryptocurrencies “with utility”. In Dogecoin and similar coins, “there is a very high risk,” but the exchange is ready to add them to the listing if users show a clear interest in them, he added.
Musk actively promoted the meme token. In April 2022, the businessman proposed to reduce the cost of Twitter Blue subscription and provide users with the opportunity to pay for premium service in DOGE.
On April 3, 2023, the “Doge coin” symbol became the Twitter logo for a couple of days.
Recall that in July 2022, American Keith Johnson accused SpaceX and Tesla, as well as their head, of promoting the “cryptocurrency pyramid” Dogecoin and demanded to pay him $ 258 billion.
In early April 2023, Musk’s lawyers called the claims from the DOGE investor a “bizarre fiction.” The billionaire asked the court to dismiss the claim.
The other day, the number of transactions in the Dogecoin network exceeded the bitcoin indicator.