Dash’s place in the world is more uncertain than most cryptos. It’s not really run by a team or anything like that. The secretive nature of the many people involved in it (and the exchanges that host it) makes it incredibly hard to tell what’s going on behind the scenes. Dash is an incredibly popular wallet, and is often seen as the most accessible to those people who want to try out crypto. But it’s also the most controversial, what with the way it’s run, and the way it tries to obfuscate what’s going on. It’s fair to say that, for most people who are interested in cryptos, the true face of Dash is “the one that doesn’t want you to see it.” ~~
In the first three months of 2018, the crypto market has lost almost half of its value, and while many of the coins are now cheaper, few of them are as cheap as their ICO price. However, there is one coin which has fallen from $0.20 to $0.0.20 in the past month and a half, and it seems to be making a comeback.
This weekend, Tesla CEO Elon Musk has a chance to do something amazing for the cryptocurrency world. A cryptocurrency mining company called HIVE, that has been embroiled in controversy, is hoping to roll out a new ad campaign just before the end of the year to capitalize on the frenzy around the coin.. Read more about elon musk dogecoin ceo and let us know what you think.
Elon Musk’s ability to move the cryptocurrency markets with his tweets is a threat to the average investor, believes Eric Nurm, founder of CoinSwap, but the excitement caused by the Tesla CEO’s activity on social media could bring more attention to cryptocurrencies in the long run. Nurm noted that Musk’s penchant for tweets about bitcoin (BTC), Dochecoin (DOGE) and other cryptocurrencies began shortly after the Securities and Exchange Commission banned the Tesla CEO from tweeting about his own company. Elon is manipulating the market by creating confusion around bitcoin. It plays the same game as the stock market, Nurm said. After the SEC banned him from tweeting about Tesla, he shifted his focus to the cryptocurrency market, where he can communicate freely on social media for now, he added. The CoinSwap founder notes that the markets are currently choppy, largely due to the ever-changing temperament of Elon Musk, who seems to be heating up and cooling down. Earlier this year, Musk announced that Tesla would accept bitcoin as payment for its electric cars, but he reversed his decision a few weeks later. Recently, Musk changed his mind again and announced that Tesla would accept bitcoins as payment if 50% of its mining was done with clean energy. Related: Elon Musk has revealed when Tesla will start accepting bitcoin payments. But Musk’s volatility in his interactions with the cryptocurrency world could draw more people to him in the long run, even if it’s for the wrong reasons, Nurm said. Although Musk is temporarily causing turmoil in the market, his involvement could benefit cryptocurrencies in the long run, as he attracts new people to cryptocurrencies, albeit sometimes for the wrong reasons, he said. Nurm was referring to Musk’s latest play on crypto-currencies: The value of CumRocket (CUMMIES), a token ostensibly made for use in the porn film industry, quadrupled within 10 minutes when Musk started tweeting about it. Its attempts to raise the price of certain coins, such as Dogecoin and more recently CumRocket, are potentially more dangerous, as these obvious pump-and-dump schemes could leave many ordinary people penniless. Related: Primitive arrogance and greed: Elon Musk accused of manipulating cryptocurrencies According to Nurm, you have to add a pinch of sodium chloride to interpret Musk’s tweets. He added that the multimillionaire CEO could have ulterior motives to give a certain game a boost or a negative effect. I hope people take all of Musk’s tweets about cryptocurrencies and other comments with a grain of salt – and they should remember that he has ulterior motives, Nurm concluded.While some crypto enthusiasts are complaining that the bigwigs of the industry aren’t stepping up to help promote the cause, others aren’t so sure. After all, it’s not like the world’s richest man is going to go out and defend cryptocurrency to the masses, is it? In the meantime, Musk has been known to take a stand on certain issues, and this time he’s speaking out against a new way of pounding the crypto drum: crowdsourcing.. Read more about elon musk cryptocurrency and let us know what you think.
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