#Ethereum at $3,800 is a good day.
Matter of time until #Litecoin follows.
On Sunday, Poppe noted that Dogecoin (DOGE) did not go up in relation to
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s appearance on “Saturday Night Live” but in fact went in the opposite direction.
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“I’d genuinely hope the momentum and hype fades away and the spotlight goes back to the beautiful, decentralized space and ecosystems” that are being built, Poppe said in a tweet.
It is noteworthy that DOGE and LTC can be merge mined. Galaxy Digital Research noted in their report “Dogecoin: The Most Honest Sh tcoin” that miners are now deriving more revenue from DOGE than from LTC.
What Happened: The entrepreneur took to
Twitter Inc’s (NASDAQ:TWTR) social media platform ahead of a scheduled appearance on “Saturday Night Live” to disseminate his message which contained a video from TMZ dating back to Feb. 7.
Cryptocurrency is promising, but please invest with caution! https://t.co/A4kplcP8Vq
In the video, Musk can be heard answering a question as to whether
Dogecoin (DOGE) can become the next currency for the world. He said at the time, “I think it should be the will of the people.”
“People should not invest their life savings in cryptocurrency,” said Musk. “It should be considered a speculation at this point and so don’t go too far on the crypto speculation part.”
Dogecoin Rally A Middle Finger To The System, Says Bitcoin Bull Novogratz
Galaxy Digital Holdings Ltd (OTC:BRPHF) CEO Mike Novogratz said Wednesday that the current Dogecoin (DOGE) rally is akin to a “middle finger” to the traditional financial system.
What Happened: Novogratz said on CNBC’s “Squawk Box” program that “there’s something pure in what Dogecoin has done.”
“It’s a little bit of a middle finger to the system. People are unhappy with the current financial system. They just are.” The cryptocurrency bull reiterated it would be “very dangerous to be short on DOGE.
Novogratz is not “participating on the long side” either, counting it as equally dangerous. Because once that enthusiasm dies, if it dies, you could have a long way down, he noted.
'Joke' Bitcoin Rival Dogecoin Found To Have 'Remarkably Strong Fundamentals' As The Price Hurtles Toward $1 And A $100 Billion Market Cap forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.