Elon Musk once again pumps doge, this time without memes | Invezz

The crypto industry seems to be in another period of recovery following the few months of the bearish market which started in mid-May of this year. Naturally, it didn’t take long for Tesla CEO Elon Musk to get back to supporting his coin of choice, DOGE.

However, the crypto industry’s favorite billionaire has changed his tactics. In the past, he mostly endorsed Dogecoin (DOGE/USD) through various memes, while this time, he took a different approach, commenting on a photo of an ancient dog from the Roman auxiliary fort of Vindolanda.

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The image, published by Gareth Harney, inspired Musk to call the ancient dog’s skeleton the “ancient Doge,” and as per usual, the DOGE supporters among his followers reacted as well. The post skyrocketed in terms of comments and other forms of attention, featuring over 10k likes and over 700 comments at the time of writing.

Musk continues to support DOGE despite warnings and criticism

Musk recently also supported another DOGE fan who happens to be a well-known billionaire investor, Marc Kuban. Kuban caused it himself after stating that DOGE is far stronger than BTC or ETH when it comes to its potential for making payments.

Before that, however, Musk received an official warning for his behavior regarding cryptocurrencies from none other than the infamous hacktivist group, Anonymous. Among other accusations, the hackers accused him of playing with people’s lives by promoting Dogecoin, and warned him to stop, which is something that Musk seems to have chosen to ignore.

But, there is no doubt that his dedication to promoting the coin has had a strong impact on its price. Musk is far from being the only reason why DOGE skyrocketed to become the best performer of the year, but his influence is still quite strongly felt.

In fact, Dogecoin’s new wave of popularity caused its developers to return and start working on the project’s technology, and even the Dogecoin Foundation announced its reformation last week, stating that there are big plans for the future of the project. For now, DOGE still remains far below its all-time high, but another major bull run could change that if the crypto market manages to start it in weeks and months to come.