Dogecoin gains 8% after Elon Musk says DOGE payments compete with Bitcoin, Ethereum

Cointelegraph

Published Jul 09, 2021 06:01AM ET

Updated Jul 09, 2021 08:20AM ET

Dogecoin (DOGE) may need a new marketing strategy after the latest publicity stunt from Elon Musk moved its price by less than 8%.

In a tweet on Thursday, “Dogefather” Musk argued that Dogecoin could do a better job at payments than Bitcoin (BTC) or Ether (ETH).

DOGE/USD 1-hour candle chart (Bittrex). Source: TradingView

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