Dogecoin Price on the Rise: Mark Cuban Calls It Strongest Cryptocurrency, Elon Musk Agrees

Mark Cuban's tweet had the backing of Elon Musk, but the reactions also included several Dogecoin bashers.

By Edited by Gadgets 360 Newsdesk | Updated: 17 August 2021 17:19 IST

Dogecoin Price on the Rise: Mark Cuban Calls It Strongest Cryptocurrency, Elon Musk Agrees

Dogecoin price in India has climbed significantly since the low of around Rs. 15 last month.

Highlights

Shark Tank star Mark Cuban has tweeted in support of Dogecoin many times
Elon Musk calls himself 'Dogegfather'
Both have reiterated their support for the cryptocurrency

Elon Musk is back at supporting his favourite cryptocurrency: Dogecoin. His tweet comes after the billionaire entrepreneur, Shark Tank star, and the owner of Dallas Mavericks Mark Cuban called the meme coin the strongest medium of exchange in the cryptocurrency world. Cuban has been known as a fan of Dogecoin and he often shows his support on Twitter. But nothing can surpass the Tesla and SpaceX CEO's enthusiasm for the virtual currency. Musk agreed with Cuban's views. Replying to CNBC's tweet stating, "Mark Cuban says Dogecoin is the 'strongest' cryptocurrency as a medium of exchange," Musk tweeted, "I've been saying this for a while." His point is made. No one can deter Mr. Musk anymore.

Musk's tweet has received over 26,000 likes and 4,000 retweets within four days. Policy strategist and entrepreneur Erich Reimer replied to him with just one word, Should we take it as his support for Dogecoin? Perhaps we should.

I've been saying this for a while
— Elon Musk (@elonmusk) August 14, 2021

Doge
— Erich Reimer (@ErichReimer) August 14, 2021

Bloomberg editor Ed Ludlow replied, "The question is why is it the strongest Elon Musk?"

The question is why is it the strongest @elonmusk ?
— Ed Ludlow (@EdLudlow) August 14, 2021

Billy Markus, the co-creator of Dogecoin, which is said to have been started just for fun, also replied to Elon Musk's tweet under the handle Shibetoshi Nakamoto. He wrote, "I also agree with this in a very totally unbiased way." We see what he did there.

I also agree with this in a very totally unbiased way
— Shibetoshi Nakamoto (@BillyM2k) August 14, 2021

But many laughed at Musk's continued hype about the meme coin.

It's true, if someone airdropped me Doge I wouldn't be able to exchange it for literally anything else fast enough.
— Joel Heyman (@JoelHeyman) August 14, 2021

C. J. Wilson, the retired baseball pitcher and entrepreneur's reply was much harsher.

embarrassed by the lack of math skills for anyone taking this position. doge is worse than USD
— C.J. Wilson (@str8edgeracer) August 15, 2021

Other users put pressure on Musk to actively lead Tesla to accept Dogecoin.

When will you push @Tesla to accept @dogecoin
— Zermane Youcef (@ZermaneYoucef) August 15, 2021

Is it time to taken action for Tesla accepting Doge? #dogecoin #DogeFather
— Monk (@walkdtalk1) August 14, 2021

Dogecoin supporters seem to have been torn about the decision to support or shun the cryptocurrency lately. A lot of them have been quite distressed about its performance — and that of the cryptocurrency market — over the last many weeks. As it still continues to go through a low phase, supporters often muse over the future implications of their investments. However, the Tesla and SpaceX CEO continues to actively support it with tweets and memes — not to forget his SNL appearance as 'Dogefather'. Dogecoin price in India as of August 17 was around Rs. 26.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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