Elon Musk recently tweeted that Dogecoin could become the currency of Earth. Following Musk’s tweets, Dogecoin claimed its spot amongst crypto giants like Bitcoin. Dogecoin ranks as the twelfth leading cryptocurrency in the world. Telsa invested approximately one and a half-billion dollars in Bitcoin, which triggered Bitcoin tokens trading at all-time highs. While Dogecoin still follows in the footsteps of Bitcoin and Ethereum, the digital currency shows viability for long-term growth.
As the second week of February draws to a close, Ethereum began breaking records of its own. Ethereum broke its previous market cap of $1,576.7. Previously, Ethereum had never exceeded $1,500. Dogecoin’s creator, Billy Markus, has expressed his amusement in response to Elon Musk’s attention to the digital currency. Billy Markus advises new crypto traders to avoid get-rich-quick schemes, as that’s not how the crypto market operates.