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Cardano founder Hoskinson indicated in a recent interview that he assumes Elon Musk owns as much as 20% of DOGE stock. Can Dogecoin become worth a lot due to this reporting?
Since its founding in 2013, Dogecoin has become the largest and best-known meme coin in the crypto market. With a market cap of over $20 billion, this meme coin is also in the top 10 of the crypto market.
People who talk about Dogecoin also quickly talk about Elon Musk. Musk has indicated several times that he is a big fan of this token and his messages have repeatedly had a huge influence on the price of DOGE. Musk’s influence is so great that Dogecoin is often called the Elon Musk crypto.
Cardano founder Hoskinson also couldn’t resist giving his opinion on Elon Musk’s role in the Dogecoin market. As a guest on Tony Edward’s The Thinking Crypto Podcast, Hoskinson was asked about the partnership between Cardano and Musk.
During this podcast he indicated that Musk showed no interest in Cardano, and that this was mainly because he is a fan of DOGE. Hoskinson said that Elon Musk had a fetish for Dogecoin and even claimed that Musk owns as much as 20% of DOGE.
However, these claims are baseless and no one knows how much Dogecoin Musk owns. In a recent X post, Dogecoin did confirm that he owned a large amount of DOGE.
Elon Musk crypto label not bad for DOGE price – Can Dogecoin become worth a lot?
Although Hoskinson’s claims are not based on anything, it is of course not a bad sign that Elon Musk is a big fan of Dogecoin and owns a lot of DOGE.
Elon Musk has no less than 187.3 million followers on his X channel and a single positive tweet can take the price of Dogecoin to new heights.
There are also still rumors that Elon Musk is working on turning X into a payment platform where Dogecoin can also be used as a payment method.
If this is actually the case, the use of Dogecoin will increase rapidly and the world’s largest meme coin can easily achieve a new ATH.
The highest value DOGE has ever reached is $0.73. This value was achieved on May 7, 2021. The current value of Dogecoin is $0.14. An increase towards its ATH will equate to an increase of over 400%.
Despite this potential, Dogecoin is currently in a difficult phase. The world’s largest meme coin has already fallen by more than 10% in recent weeks and is now also in the red for the past 30 days.
Dogecoin Price Chart (1 month) – Source: CoinMarketCap
Many investors therefore choose to shift their attention to other meme coins with potential. For this reason, we discuss the best new meme coins of the moment below.
PlayDoge (PLAY) – New play-to-earn meme coin transforms Doge meme into virtual pet
PlayDoge is a new Play-to-Earn meme coin that is developing a new mobile game. In this game, the well-known Doge meme is transformed into a virtual pet based on Tamagotchi style. In this game, users will have to take care of their pet and can then win mini-games and earn PLAY tokens.
PlayDoge embraces the design of popular 90s games such as Super Mario Bros and Sonic. These games used the 8-bit 2D design. Users will be able to win mini-games and earn PLAY tokens for doing so.
In addition to PlayDoge’s mobile game, users are also able to earn PLAY tokens through the staking mechanism. Within this mechanism, users can lock in their tokens in exchange for attractive rewards. These rewards can increase by up to 200% with the introduction of ETH staking, in addition to the original BNB staking.
PlayDoge’s presale has already raised more than $4.3 million in early investments. This just shows how much confidence investors have in this project. Tokens currently cost $0.00507 each, but will continue to increase at each stage of the presale. Tokens can be purchased via ETH, BNB, USDT and credit card.
Visit PlayDoge Presale
Sealana (SEAL) – New Solana meme coin goes viral
Sealana is a new Solana meme coin that is about to follow in the footsteps of other Solana meme coins such as BONK and WIF. These two meme coins managed to reach a market cap of over $2 billion in a short time and experts believe that Sealana can now achieve the same kind of increase.
Sealana’s main selling point is its hilarious mascot. This plump seal represents the ‘épée’ market. Sealana spends all day behind his computer looking for the latest Solana meme coin star. This quest keeps his flippers busy and gives him no time to cook, so he only eats chips and tuna snacks all day long.
Even though the meme coin market is in a difficult phase, Sealana is still able to raise the necessary investments. The meme coin market has recently dropped to $54 billion and tokens like WIF and BONK have fallen more than 15% over the past week.
During this difficult period, Sealana was able to raise more than $4 million in its presale. The project has achieved its goal and there are now only a few days to go before the presale is completed and the token goes live on exchanges. Investors have until June 25 to purchase SEAL tokens at the current price of $0.0022 each.
Visit Sealana Presale
Base Dawgz (DAWGZ) – New meme coin with multi-chain functionality
Base Dawgz is a new crypto project that draws inspiration from the freedom of base jumping. The project now translates this freedom to the blockchain by trying to realize a decentralized world without borders. To make this possible, Base Dawgz introduces multi-chain functionality. Being able to move your funds flawlessly across different blockchains is step 1 in their goal of a decentralized world.
Base Dawgz is located on the Base blockchain and hence the name. In addition to the Base blockchain being the home for this project, the native token will also be available on ETH, SOL, BNB and AVAX to realize multi-chain functionality.
With Base Dawgz, investors can count on a reliable project with fair tokenomics. The total token supply of 8.453 billion tokens is divided between staking, presale, liquidity, listings, marketing and DAWGZ rewards.
20% of the total token supply will be available during the presale. During this presale, users will be able to purchase the native DAWGZ token for $0.00502 each. However, this price will increase in the next phase of the presale, making this the best time to buy DAWGZ tokens.
Visit Base Dawgz Presale
WienerAI (WAI) – New meme coin introduces AI trading bot
WienerAI is a well-performing presale token that has already received the necessary attention from both the meme coin and AI crypto community. This meme coin, like many other meme coins, uses a dog as a mascot. In the case of WienerAI, however, this is a ‘wiener’ dog that serves as an AI trading bot. In this way, this project is able to respond to the preferences of both the meme coin and AI crypto communities.
WienerAI’s AI trading bot will allow users to ask questions related to crypto. In this way, users may be able to gain an advantage over the market. They can also apply this advice immediately as users are also able to buy and sell tokens via this trading bot.
In addition to the AI trading bot, WienerAI also offers a staking mechanism. Through this mechanism, users are able to earn additional winnings. In total, more than 5.2 billion WAI tokens have already been secured. The APY is still close to 200% at the moment.
The WienerAI presale quickly turned out to be a great success, which is logical since this project appeals to multiple sectors of the crypto market. In total, more than $5.6 million has already been raised. Tokens will cost $0.00718 for a limited time before they continue to rise in price. Tokens can be purchased via ETH, USDT, BNB and credit card.
Visit WienerAI Presale
Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
Source: https://cryptobenelux.com/2024/06/16/cardano-oprichter-20-aan-doge-tokens-in-elon-musks-crypto-wallet-kan-dogecoin-veel-waard-worden/
