Elon Musk Thanks Dogecoin Co-Creator Billy Markus
The new owner of the popular social media site, known to millions of people as Twitter and currently being rebranded as X, Elon Musk, has commented on a recent X post issued by the Dogecoin co-creator Billy Markus. In that comment, Musk thanked Markus for the publication, which seems to have had a very encouraging effect on the X boss and the wealthiest person in the world.
Billy Markus’s Tweet
Billy Markus, who, together with another IT engineer Jackson Palmer, created the original meme coin DOGE and released it as a joke on Bitcoin in 2013, recently published a tweet stating that the community should support the X app as much as they can. Markus believes this is important as no other social media platform supports free speech and ensures that users’ rights are protected.
Elon Musk dropped by to thank the DOGE co-founder, even calling him by his first name. This interaction is considered a first in their frequent correspondence through comments on X. Musk is known to be a big fan of Dogecoin and one of its biggest holders.
In response, Markus appreciated the X app and celebrated the fact that Musk had implemented tools for content creators with large audiences to make money on the platform. These tools include the Monetization feature and Subscription, which allows bloggers to share in advertising profits and automatically write off a certain amount from their subscribers’ bank cards. This year, Markus has been one of the top few profit receivers from X.
In one of his comments, Markus also mentioned access to the Grok AI chatbot recently launched by Musk on the X platform, available to Premium+ subscribers.
Dogecoin Temporarily Becomes Twitter’s Logo
At the start of April this year, Elon Musk demonstrated his love and support for Dogecoin by replacing the iconic blue bird on Twitter’s logo with the DOGE mascot. This move caused a 1,992% price increase in Dogecoin, reaching a peak of $0.096. However, this state of things did not last very long as the blue bird was back in its place, and DOGE slumped to $0.082.
The $0.082 level now seems to have turned into resistance for the meme coin, reaching it three times this year. At the time of this writing, Dogecoin exchanges hands at $0.07819, showing a nearly 4% drop within the last 24 hours, according to the data provided by CoinMarketCap.
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