Elon Musk and Dogecoin (DOGE) are probably the most talked about duo in the cryptocurrency industry in recent days. Although many other famous names tweeted about DOGE, Elon Musk was the most influential. However, there were those who found the developments positive as well as negative.
Doge Alert from Bitcoin Bull
Nic Carter, the famous BTC bull known for Bitcoin investment, is definitely included in the second group. Expressing that Elon Musk uses crypto coins for speculation, Carter stated that this will harm the industry.
“COSTS, MANY INDIVIDUAL INVESTORS WILL LOSE MONEY ON DOGECOIN IN THE LONG TERM. BECAUSE THERE IS NOTHING IN TERMS OF INTERESTING AND TECHNOLOGICAL DEVELOPMENTS ABOUT DOGECOIN. "
Carter stated that DOGE is currently the most talked-about cryptocurrency, but it may fall out of favor in the long run. According to the famous Bitcoin bull, the best DOGE can do is stay in the industry and people's mind for a long time. Of course, while doing this, it is estimated that the DOGE price will float at the bottom like other "zombie projects".
Carter stated that Dogecoin was first introduced to him in 2013 and at that time he thought it was a fun concept. Now, DOGE only reminds itself of "a huge void".
Elon Musk announced today that he bought his son DOGE for the long term. This news had an impact on the DOGE price for only 10 minutes and there was no serious price increase.
