Elon Musk, the American businessman and billionaire known for his support of the Dogecoin token, has once again shaken up the cryptocurrency market.
Elon Musk's new post on his X (formerly Twitter) page in support of Dogecoin stands out among other previously published statements.
In response to his mother May Musk's post on the X social network that "If you’re a Dog, X is the place to be," Elon Musk wrote, "X is a dog & Doge friendly place!"
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Many leading cryptocurrency market experts have already speculated that, in this way, Elon was hinting at the future integration of Dogecoin into the X platform.
Recall that despite Musk's statements during the Wall Street Journal summit in London that DOGE remains his favorite cryptocurrency, he said: "I don't advise anyone to buy cryptocurrency or rely on Dogecoin".
It is worth noting that many influential people in the cryptocurrency market, including Changpeng Zhao, believe that Dogecoin could have "disappeared a long time ago" but is holding on thanks to the support of Elon Musk.
Read also: UK cryptocurrency exchanges accused of insufficient client due diligence.