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Tesla CEO, Elon Musk is back at it with DOGE boosting tweets. Last week, Musk had tweeted about starting a new university in Texas known as the Texas Institute of Technology & Science, or as Musk would call it, āTITSā. Following his previous tweetās thread, he added last night that tuition fees for his university will be accepted in Dogecoin, further announcing that people with a dog will get special discounts. However shockingly, DOGE price has not surged exceptionally, or even enough after Muskās tweet.
Tuition is in Dogecoin & u get a discount if u have a dog
ā Elon Musk (@elonmusk) October 31, 2021
Dogecoin Vs Shiba Inu
According to CoinGapeās last weekās reportage, DOGE price surged approximately 46% upon competing with Shiba Inu, which overtook Muskās favorite meme coin and is now positioned at No. 9, while DOGE struggles at No. 10. Shiba Inuās price is consistently rising and currently stands at $0.000069, with a market cap of $37.8 billion. However, Dogecoin has not seen any extraordinary improvement and stays at $0.26, with a market cap of $35.25 billion, at the time of reporting. Nevertheless, Shiba Inu may have to fight Tesla CEOās social media influence to maintain its position. Muskās support for the meme currency, Dogecoin on social media has been evident and frequent. Recently, the DOGE community saw a surge after Musk called DOGE āpeopleās cryptoā.
āLots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They arenāt financial experts or Silicon Valley technologists. Thatās why I decided to support Doge ā it felt like the peopleās crypto.ā, Musk tweeted.
Musk on Dogecoin at the B-Word
Musk has balanced his support for DOGE after getting backlash for his comments on the meme coin, earlier this year, during the B-Word conference. While Musk said that the dogecoin community was āirreverentā, and only complimented their āhilarious memesā, he also mentioned that he likes how DOGE ādoes not take off too seriously.ā. Furthermore, Musk shared, he likes both, ādogs and memesā, henceforth he has added DOGE to his crypto portfolio. However, this raised manifold questions on Muskās reason to support DOGE, questioning whether he expects genuine growth, or it is just one of his practical jokes that he will not take seriously a decade later.
The post Elon Musk Proposes to Add Dogecoin Payment For His Upcoming University Plans appeared first on Coingape.
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