Vitalik Buterin may cooperate with Elon Musk on DOGE cryptocurrency

Crypto podcaster and founder of Gokhshtein Media David Gokhshtein said that he expects the father of ethereum Vitalik Buterin and Twitter CEO Elon Musk to work together. According to the media expert, they can join forces and initiate the creation of a grand update for the popular Dogecoin (DOGE) meme-coin.

I feel that we’ll all see Vitalik and Elon working together to somehow upgrade $DOGE.

— David Gokhshtein (@davidgokhshtein) November 25, 2022

Twitter users assumed that Gokhshtein’s opinion was based on Buterin’s statements that it was time for DOGE to switch to the Proof-of-Stake (PoS) consensus algorithm. Elon Musk has long made no secret of his favorable attitude toward the meme coin and has repeatedly stated that he holds a lot of Dogecoin in his accounts.

Hochstein also suggested that neither Musk nor Buterin will ever work on the development of Bitcoin (BTC). According to the analyst, this project has already been recognized as a failure, while Dogecoin was originally created as a joke, and now Musk wants to turn the meme crypto startup into something more serious.

They won’t work on #Bitcoin — well because Vitalik tried that in the past and was kicked and Elon is interested in turning something that started out as a joke into something serious.

— David Gokhshtein (@davidgokhshtein) November 25, 2022

It is worth noting that after Musk acquired Twitter, the price of DOGE rose sharply. In the wake of the increase in the value of Dogecoin cryptocurrency, fraudsters have created hundreds of fakes.

It should be added that at the time of writing, the meme-coin DOGE $0.12 Dogecoin -1.75% Market capitalization $17.9 billion VOL. 24 hours $80.44 million costs $ 0.09, the cryptocurrency’s market capitalization is $ 12 billion, and daily trading volumes are $ 171 million.