Financier Calls Elon Musk: You Should Choose This Altcoin, Not DOGE!

A well-known financial expert says that Elon Musk should turn to other alternatives from Dogecoin (DOGE) to defend cryptocurrencies.

Mason Versluis thinks this altcoin will be more effective instead of DOGE

Versluis, who has 1.2 million Titok followers, suggested that Musk should support XRP instead of DOGE. On November 27, he tweeted, “I will never understand why Elon Musk chose DOGE over XRP.” These tweets received great support from the community.

Elon Musk is closely associated with Dogecoin. He sparked the meme coin rally last year thanks to his tweets. However, little is known yet about why Musk chose Dogecoin. Versluis’s most recent comments addressed this issue directly. He claimed there could be some sort of unique relationship or guarantee of future ownership between Musk and the DOGE team. Tesla CEO has frequent conversations on Twitter with Billy Markus, the co-founder of Dogecoin. These tweets have an explosive effect when they coincide with a news story.

Why XRP instead of DOGE?

This discussion put forward by Versluis raised some question marks. Some have claimed that Dogecoin is more useful than XRP. Other views argue that DOGE has superior tokenomics than XRP. This turns out to be the main reason for Elon Musk to choose Dogecoin. To recall, Musk had previously called for “people’s money” about Dogecoin. This means that most DOGE holders are individual investors, so the power is in the people.

Dogecoin continues to rally with the influence of Elon Musk

Tesla CEO made statements about Dogecoin on this road, as he did last year. One of them was that he implied that he would integrate DOGE into the platform after he bought Twitter. Musk was also the leading player in Dogecoin’s peak of $0.73. Then, in 2022, Dogecoin had to keep up with the market after the Terra and FTX events.

Additionally, Musk has repeatedly hinted that DOGE could be added to the Twitter payment system. This causes the price to rise every time. Additionally, Musk now wants to launch a satellite dedicated to Dogecoin to the moon. As Kriptokoin.com, we have discussed the details in this article.

Along with the above, Musk announced in May that SpaceX would start accepting payments with DOGE. It also stated on September 14 that DOGE could be used to buy Tesla’s recently launched CyberWhistle. Musk also continues to increase the DOGE price with his statements from time to time. In contrast, DOGE outperforms the largest cryptocurrencies by market cap. At the time of writing, he was keeping his earnings over 20% compared to last week.