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Is Elon Musk Actually Working With Dogecoin Developers?

Elon Musk Drops The Idea of Selling The NFT Song, Turns Down $1 Million Offer


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Bruce Fenton, the lead developer at Dogecoin today revealed that Elon Musk never contacted Dogecoin team. The billionaire inventor few days back tweeted that he is working with dogecoin developers to improve the system. This tweet comes at a very critical time considering the current bloodbath cryptocurrency market is going through after Tesla stopped bitcoin payments.

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Michi Lumin, a core developer at Dogecoin responded to tweet and clarified this is just a rumor and Elon musk as promised is actually working with Dogecoin developers.

What Is Elon Musk Planning?

Elon’s tweet that Tesla will no more accept Bitcoin as payment due to its high energy consumption sent whole crypto market into shock. Elon Musk also tweeted that he is working with Dogecoin developers to improve the system.

Post Elon’s tweet, the price of Dogecoin is pushing towards a new all time high. While everyone was sure that Elon must have a plan but after this new announcement by Doge Lead developer things seem a bit fishy. Though, Elon haven’t responded to the tweet yet but this puts a big question on reports that Dogecoin developers are working with Elon Musk.

Bruce is also very clear that Dogecoin team is very happy with currency system and would like to continue with that.

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Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
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