Perianne Boring, founder and CEO of Chamber of Digital Commerce, said at CNBC’s recent Squawk Box show that after Elon Musk admitted that DOGE was a hoax, this popular meme-coin Everyone who buys Musk’s …
Perianne Boring, founder and CEO of Chamber of Digital Commerce, said at CNBC’s recent Squawk Box show that after Elon Musk admitted that DOGE was a hoax, this popular meme-coin He said that everyone who bought it put oil on Musk’s bread.
Boring: Dogecoin Buyers Join Musk’s Game
Elon Musk tackled Dogecoin on the weekend show “Saturday Night Live” and admitted that even though his favorite cryptocurrency was a meme-coin, it was a trick.
Perhaps this caused the price of the cryptocurrency to drop after the SNL, despite bullish expectations. DOGE lost almost half of its market cap and traded at $ 0.71 on May 8 and traded to $ 0.44 on May 9. However, the growth then resumed.
Perianne Boring believes Elon Musk is a Dogecoin owner trying to raise the cryptocurrency as hard as he can. That’s why he says that everyone who buys DOGE put oil on Musk’s bread or took part in his trickery.
Dogecoin Increased Over 10,000% This Year
Last week, DOGE almost doubled. Traded at $ 0.42 on May 4, DOGE reached $ 0.71 on May 8. CNBC’s Kate Rooney stated that the cryptocurrency increased by more than 10,000% in 2021.
Even if he admits that DOGE is a scam, Elon Musk can be serious about this, as he agreed to pay Dogecoin for a month’s mission for Geometric Energy Corporation (GEC) through his company SpaceX, thereby increasing its adoption.