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Anyone Grabbing DOGE Plays into Elon Musk’s Hustle: Chamber of Digital Commerce CEO

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Mon, 05/10/2021 - 12:52
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Yuri Molchan
Founder and CEO of Chamber of Digital Commerce believes that Elon Musk is a Dogecoin owner and now he is manipulating the community into betting on DOGE
Anyone Grabbing DOGE Plays into Elon Musk’s Hustle: Chamber of Digital Commerce CEO
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Founder and CEO of the Chamber of Digital Commerce Perianne Boring opined during CNBC's recent Squawk Box show that, after Elon Musk admitted that DOGE is a hustle, anyone who is buying this popular meme-coin is playing into his hand.

Dogecoin buyers play into Musk's hustle, Boring says

In Elon Musk's appearance on "Saturday Night Live" over the weekend, he discussed Dogecoin and admitted that his favorite cryptocurrency, even though it is a meme-coin, is a hustle.

Perhaps this made the asset's price plunge after SNL despite contrary bullish expectations. DOGE lost almost half of its market value, dropping from $0.71 on May 8 to $0.44 on May 9. However, the growth then resumed.

Perianne Boring believes that Elon Musk is a Dogecoin holder who is pumping it as hard as he can. Therefore, she said, anyone who is buying DOGE is playing into Musk's hand or into Musk's hustle.

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Related
Elon Musk Reacts to Dogecoin Being Used as Currency for Space Travel

Dogecoin is over 10,000 percent this year

Last week, DOGE almost doubled, rising from $0.42 on May 4 and reaching $0.71 on May 8. Overall, CNBC's Kate Rooney stated that, in 2021, the coin has been up more than a whopping 10,000 percent.

Still, even admitting that DOGE is a hustle, Elon Musk is serious about it as his company, SpaceX, has agreed to accept a Dogecoin payment for a lunar payload for the Geometric Energy Corporation (GEC), thus expanding its adoption.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.