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"Dogecoin needs to be upgraded," says Elon Musk; who favours satirical meme-based cryptocurrency

On Monday, Elon Musk invited developers to submit suggestions for dogecoin enhancements. A YouTuber and Tesla investor named Dave Lee asked Musk about Ethereum 2.0 and why he preferred dogecoin over it, to which he replied “Doge has dogs and memes, but the others don’t.” Dogecoin is chastised for being controlled by a small group of whales, yet it has risen 7,000 % this year.

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