Markus and Palmer started Dogecoin about nine years ago as a mockery of Bitcoin. Markus is considered the CEO of Tesla and a supporter of Elon Musk, while Palmer has criticized Musk several times. Palmer says that Musk uses crypto to get his praises. There has also been a public debate between the two regarding this. One Twitter user said that when he questioned Markus’s support for Musk, he too was blocked. Markus has also opposed cryptocurrencies. He recently said that almost all cryptocurrencies will fall to zero.
A few months ago, a person who bought Dogecoin filed a lawsuit against Musk for $258 billion. This person was outraged that Musk was running a pyramid scheme to support this meme coin. The lawyer for the person who filed the case has not presented any solid evidence to prove that Musk is running such a scheme. In this case, complainant Keith Johnson accused Musk and company Tesla and space tourism company SpaceX of running a racket of first inflating the price of Dogecoin to bring down its price.
It is no secret that Musk has been a supporter of Dogecoin for a long time. He described this mime coin as a better payment option than Bitcoin, the largest cryptocurrency in terms of market capitalization. The complaint also includes comments from Warren Buffett, Bill Gates and others who have questioned the price of the meme coin. However, despite this, interest in the crypto market regarding Dogecoin is steadily increasing.
Cryptocurrency prices in Indian exchanges
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