Elon Musk Says Dogecoin Fees Need to Reduce to Widen Its Use

by in Cryptocurrency News

Dogecoin Elon Musk

Tesla CEO Elon Musk finds if there is a decrease in Dogecoin's fees, the coin's use case in retail purchases will grow.

Musk expressed his opinion, commenting on the tweet of Dogecoin's co-creator Shibetoshi Nakamoto (Billy Markus). Markus wrote about trading platform Robinhood's adding crypto wallets to its platform and movie chain AMC CEO's tweeting about Dogecoin.

Investing and trading platform Robinhood announced adding crypto wallets to its platform. They will be generally available in early 2022.

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The company's crypto lead Christine Brown said that initially, the wallet will support Bitcoin and Ether and that they are also counting Doge.

Recently CEO of American movie theatre chain AMC, Adam Aron arranged a poll via Twitter to know people's opinions about accepting Dogecoin payments. Aron shared the news that Elon Musk liked his tweet and also that Dogecoin Poll has been his most actively discussed tweet. The executive wrote as the results show people think AMC should accept DOGE and now the company will need to explore the ways to do that.

Currently, Dogecoin trades at around $0.22. In the last 24 hours, its price increased by over 5%. Doge is the 10th largest crypto by market cap, which stands at over $29.4 billion.