MARK CUBAN AND ELON MUSK TOY WITH DOGECOIN POTENCY
The billionaires made his thought known about dogecoin while musk agreed with his thought
Billionaire entrepreneur Mark Cuban's claim that dogecoin is the strongest cryptocurrency as a medium of exchange has been backed up by long-time doge fan Elon Musk.
Cuban told CNBC last week that "the community for doge is the strongest when it comes to using it as a medium of exchange." In response to CNBC's article about Cuban's claims, Tesla boss Musk tweeted on Saturday: "I've been saying this for a while."
Both celebrity businessmen have been drawn to dogecoin for its light-hearted nature and strong community – and have been important to its 8,000% gain over the last year.
However, cryptocurrency skeptics struggle to see what Musk and Cuban see in dogecoin, which is highly volatile and more complicated to use for purchases than mainstream payment methods.
Many investors are especially skeptical about "altcoins" such as dogecoin, whose price is heavily influenced by social media buzz and celebrity endorsements.
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