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Elon Musk Names His Top 3 Cryptocurrencies

Elon Musk is a crypto evangelist. 

The billionaire is one of the most influential voices in the cryptocurrency market. 

An announcement or comment from him about a digital currency can radically change the evolution of this asset. For those who follow the crypto market closely, they know that the billionaire is the main backer of meme coin Dogecoin (DOGE). If he withdraws his support for the cryptocurrency, DOGE would collapse as quickly as its price has soared. 

DOGE, which features the image of the Shiba Inu dog as its logo and namesake, is the eighth digital currency in terms of market value, well ahead of cryptocurrencies linked to decentralized finance (DeFi) projects considered as the future of financial services. 

Read More: Elon Musk Names His Top 3 Cryptocurrencies

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