Dogecoin pumps 8%, as David Gokhshtein imagines Vitalik and Musk ‘working together to upgrade $DOGE’
15:27, 25 November 2022
Meme-inspired dogecoin (DOGE) rose by almost a tenth today (25 November). It comes after the founder of a blockchain media company said he can see Elon Musk and Vitalik Buterin “working together to somehow upgrade DOGE”.
David Gokhshtein, founder of Gokhshtein Media has predicted that Buterin, co-founder of ethereum (ETH) and Musk, CEO of Tesla and Twitter working together to improve DOGE.
Gokhshtein explained their motives for wanting to work on DOGE as Musk is “interested in turning something that started off as a joke into something serious” and that Buterin tried to work on bitcoin (BTC) in the past, but it did not go well.
As of 13.04 GMT on 25 November DOGE was up by 8% compared to the previous day to $0.08768, according to CoinMarketCap.
DOGE to USD
Musk is unofficial CEO of DOGE
In a Twitter poll back in 2019, Musk was named the unofficial CEO of dogecoin, beating other crypto luminaries such as Buterin, Charlie Lee, creator of litecoin (LTC), and Marshall Hayner, CEO of Metal Pay.
Buterin and Musk have often been paired together in terms of contribution to DOGE. In August 2021, the Dogecoin Foundation was re-established with the addition of Buterin and Jared Birchall, who represents Musk.
Birchall is head of Musk’s Family Office. Buterin is listed as a blockchain and crypto adviser, and Birchall as a legal and finance adviser.
The non-profit organisation was set up in 2014 but became inactive over time and finally dissolved. The foundation was established to provide “support for the crypto through development and advocacy” to prevent abuse and fraud of the crypto, and to provide a “roadmap and governance” for the future of DOGE.
The Dogecoin Foundation also has a manifesto, which states: “Being useful, we value utility over technical brilliance. Being personable, we value individuals and interactions over profit-driven economics. Being welcoming, we value collaboration and trust over competition and exclusivity. Being reliable, we value working solutions over speed of delivery.”
So far, neither Musk nor Vitalik have commented on Gokhshtein’s tweet.
Markets in this article
Related topics
