Dogecoin can be part of world with hundreds of reserve currencies – analyst to Boom Bust ...News

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Dogecoin can be part of world with hundreds of reserve currencies – analyst to Boom Bust
Cryptocurrency dogecoin, which was initially invented as a joke, has seen wild swings in recent weeks as billionaire Elon Musk used Twitter to spark investors' interest in the canine-themed token. The world’s richest person has been a vocal supporter of the cryptocurrency of late, with his comments on Twitter and beyond becoming one of the key factors of dogecoin’s rally. However, his recent statement caused a major sell-off in the token, which is now down 34 percent. Musk said that too much concentration of dogecoin among its major holders is the only “real issue,” and called on them to sell most of their coins.

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