Tesla and SpaceX CEO Elon Musk stated on Twitter, which does not control the Dogecoin developers. The businessman noted that the altcoin does not have an official organization that would ensure the operability of the digital coin, so he personally does not have subordinates among the developers and his ability to make any decisions is limited, writes RBC Crypto.
Please note Dogecoin has no formal organization & no one reports to me, so my ability to take action is limited
— Elon Musk (@elonmusk) May 25, 2021
So the entrepreneur responded to a tweet in which he was called “CEO of Dogecoin.” One of the users of the social network wrote that Musk refers to the altcoin as one of his companies and is actively promoting the coin.
Formerly CEO of Tesla appealed to followers on Twitter and invited them to participate in the development of Dogecoin. The businessman offered to send his ideas for improving the digital coin to GitHub or a section on Reddit. Musk added that someone suggested changing transaction fees based on the phase of the moon. He called it a “cool idea.”
Musk also explained why among all the projects he likes Dogecoin. According to him, altcoins have “memes and dogs”, while other digital coins do not.
The businessman polled his Twitter followers if they wanted Tesla to add the ability to buy EVs with Dogecoin. Against the backdrop of this publication, the value of the altcoin rose by 17% in just a few minutes. As of May 26, almost 4 million people took part in the survey. 78% of those who voted support the adoption of Dogecoin as a payment method.
Musk last influenced the value of a digital coin on May 20. Then the entrepreneur published a picture showing Dogecoin in the form of a bill and asked what denomination it was. In 15 minutes, the altcoin price increased by 16%.
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