When Elon Musk praises your cryptocurrency, chances are the price of the digital coin will go up. However, something even more important happened. The founder of Dogecoin, Jackson Palmer, said he is ready to sell Dogecoin.com for the colossal sum of $4.2 billion. Elon Musk, after declaring his interest in the crypto, accepted to be the CEO of DOGE.
Mr. Palmer was actually of the cryptocurrency space for some time until Elon Musk’s comment. In his tweet, he said that “Funding (not yet) secured”.
While many are wondering what has pushed the founder to post such a statement, the reasons are very obvious. Dogecoin’s value spiked considerably in the last few days and of course, the praise from Musk must have been also worked on Palmer’s mind.
Interestingly enough, the manager of the Twitter account of Dogecoin posted a poll for the next potential CEO of Dogecoin. Elon Musk won.
Dogecoin is a popular cryptocurrency that was created as a fun currency. However, the digital coin has reached a 24thposition in CoinMarketCap by market cap. The current market cap of Dogecoin is $381m.