On the evening of Tuesday, February 14, Elon Musk “showed the new CEO” to his subscribers in a series of tweets.
“New Twitter CEO is amazing. Much better than that other guy! Great with numbers and perfect for this job,” Musk wrote.
The new CEO of Twitter is amazing pic.twitter.com/yBqWFUDIQH
— Elon Musk (@elonmusk) February 15, 2023
While the billionaire's tweets about Floki continue to gain likes, Dogecoin and Floki quotes are flying up.
CoinDesk Data Shows Price Of 'Dog Cryptocurrency' DOGE Up 5.54% In Last 24 Hours. The price of the Floki token soared by 38%.
One of the richest people on Earth regularly speaks out in support of Dogecoin. Elon Musk emphasizes that the meme cryptocurrency network can process significantly more transactions than the Bitcoin network. According to Musk, DOGE is much better than bitcoin for payments, since transactions are confirmed in 60 seconds.
In January, Mark Yusko, CEO of Morgan Creek Capital, an investment company, said that “dog meme coins” were made as a joke and have no real value.. Dogecoin was created on the Litecoin code base, but subsequently, mainly thanks to Musk, gained popularity and now its capitalization exceeds $10 billion.