It was fun to watch Dogecoin grow because of April Fool's joke. In fact, this case showed what impact on cryptocurrency have positive or negative news in the media.
The information field has always greatly influenced the cryptocurrency market. And users of cryptocurrency inadequately began to act, if they read some negative information. And also, with the help of information, there is growing excitement around certain projects, which artificially increases the price of them. In this case, the same situation. But as for the information on the support of Ilon Musk coin dogcoin, then you need to hear his personal statement.
If this person makes a statement on YouTube, then this information will be taken very seriously. But online you can read a lot of information about how popular people make any statements. But we can not judge their authenticity.
Actually, Ilon Mask spoke very frankly about cryptocurrencies in general. He said that the technology of creating Bitcoin is really very outstanding, but nevertheless, he insists that there be any restrictions on the creation of cryptocurrencies. Today, this technology is very energy intensive and therefore it is necessary to think not only about the benefits, but also its resources expended.
