Elon Musk and Dogecoin – why does he support this cryptocurrency?

Elon Musk's support for Dogecoin had a huge impact on its development and price. In 2021, DOGE reached record values ​​after a series of Musk's tweets. What's more, Tesla and SpaceX began accepting Dogecoin as a form of payment for selected products.

Musk highlights several advantages of DOGE:

Low barrier to entry – simplicity and low transaction costs.

Active community – full of humor and commitment.

Practical use – ideal for tips and micropayments.