Elon Musk Reveals Why Dogecoin Remains His Favorite Cryptocurrency Despite New Memecoins Making Waves

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Elon Musk has stated in an interview with The Wall Street Journal that Dogecoin remains his favorite cryptocurrency due to its humor and dog-related theme.

He also expressed amusement at the idea of a currency created as a joke becoming a global currency. Musk's support for Dogecoin has been influential, with the price rising 30% in April after he changed the Twitter icon to the DOGE logo.

However, he is currently facing a lawsuit from investors accusing him of illegally promoting and increasing the price of Dogecoin.


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