Tesla CEO Elon Musk is stepping up his effort to improve Dogecoin, explains why he’s not interested in Cardano, Ethereum, and other coins

By Selena On May 25, 2021

Yesterday, Tesla and Space X CEO Elon Musk commented again on Dogecoin. This has to be his favorite cryptocurrency based on how often he talks about it.

Elon Musk is determined to fix Dogecoin, and he needs your help

Musk took to his preferred platform, Twitter, to explain why he’s backing DOGE, telling another Twitter user Dogecoin “has dogs and memes”—helping the dogecoin price rebound from a steep sell-off over the weekend.

He started by sending a tweet to invite people to suggest improvements for Dogecoin on GitHub and Reddit and gave an example of one suggestion that he thinks is awesome.

Someone suggested changing Dogecoin fees based on phases of the moon, which is pretty awesome haha

— Elon Musk (@elonmusk) May 24, 2021

He then explained in just a few words why Dogecoin is the alt coin he talks about more than any other crypto asset.

Curious what are your thoughts on Ethereum 2.0, Cardano, Solana, Polkadot, IOTA and others that are trying to scale with low fees?

What makes you choose Doge over them?

— Dave Lee (@heydave7) May 24, 2021

It is worth pointing out that on May 13, Musk revealed that has been working with Dogecoin developers to reduce the power consumption of mining of the meme-based cryptocurrency.

Ever since Tesla dropped Bitcoin payments due to environmental corners, sustainable and scalable cryptocurrency projects have been trying to pique Elon Musk’s interest, but to no avail.

Musk explained why he not interested in cryptocurrencies like Ethereum, Cardano, IOTA, and Polkadot

In his recent tweet, the centibillionaire claims that he’s not interested in cryptocurrencies like Ethereum, Cardano, IOTA, and Polkadot because they don’t have memes and dogs:

Doge has dogs & memes, whereas the others do not

— Elon Musk (@elonmusk) May 25, 2021

Meanwhile, Musk is moving forward with bolstering the development of joke cryptocurrency Dogecoin, recently asking his followers to submit their ideas. The canine token has now entered mainstream consciousness because of the Tesla CEO’s frequent tweets. It seems that other crypto projects will have to step up their meme game instead of promoting their green cred.

The cryptocurrency market has been flooded by digital tokens looking to improve on bitcoin over the last few years, with rivals to ethereum, the second-largest cryptocurrency after bitcoin, being challenged by a slew of alternatives that promise lower fees, faster transaction times and improved efficiency.

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