TLDR
Dogecoin's value proposition was worth a penny a year ago. Elon Musk is interested in it because he has a following and has a personal following. The cryptocurrency universe is so lightly regulated it feels like there are NO RULES! There are large concentrations of holders of any given token. These are the whales. They are able to pump or dump with the flip of a fluke. If you are on the wrong side of a whale's wake you will be capsized. Elon is no dummy and well versed in the ways of money. He is surely familiar with the Big Mac Index.via the TL;DR App
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Written by atrigueiro | Coder and the Author of "Cryptocurrency Investing in the Age of Dollar Chaos"
