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September 8, 2023 7:45 AM | 1 min learn
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In a highly-anticipated biography set to be printed on Sept. 12, particulars have emerged about Tesla CEO and X proprietor Elon Musk’s discreet financial contributions to the development of Dogecoin (CRYPTO: DOGE).
What Occurred: Written by Walter Isaacson, the guide sheds gentle on Musk’s involvement and his consideration of making a blockchain-based social media platform
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In response to Isaacson’s revelations, Musk “quietly funded” Dogecoin and even mentioned the opportunity of incorporating a cost system utilizing the favored meme coin. These insider particulars are anticipated to be disclosed inside the pages of the upcoming biography.
Will Musk Embrace DOGE On X? Ask business specialists instantly at Benzinga’s Way forward for Digital Belongings occasion occurring in NYC on Nov. 14, 2023. Be part of the discussions the place you received’t simply be a passive spectator. Don’t let this opportunity slip away – secure early bird discounted tickets now!
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Why It Issues: To succeed in the milestone of $1 per Dogecoin, the market capitalization of DOGE would wish to soar to an astonishing $140 billion.
It’s value noting that at current, DOGE’s present market cap stands at $8.83 billion. Compared, Bitcoin (CRYPTO: BTC) boasts a market cap of $541 billion, whereas Ethereum (CRYPTO: ETH) sits at $195 billion.
For DOGE to bridge the hole and obtain this desired milestone, it could have to bear a 1494.9% improve.
Worth Motion: On the time of writing, DOGE was buying and selling at $0.062, down 0.56% within the final 24 hours, according to Benzinga Pro.
Learn Subsequent: Bitcoin, Ethereum, Dogecoin Spike After JPMorgan Enters Blockchain Deposit Tokens: Analyst Says BTC Is ‘Going Higher Soon’
“The Greatest Report Benzinga Has Ever Produced”
Huge returns are doable inside this market! For a restricted time, get entry to the Benzinga Insider Report, normally $47/month, for simply $0.99! Uncover extraordinarily undervalued inventory picks earlier than they skyrocket! Time is working out! Act quick and safe your future wealth at this unbelievable low cost! Claim Your $0.99 Offer NOW!
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