Which Crypto/Stock Will Elon Musk Promote After Gamestop and DOGE?
Barry Silbert, the founder, and CEO of Digital Currency Group, the parent company of Grayscale, has tweeted about the stocks and tokens Musk has promoted over the last two years.
His tweet exhibits his inquisition to know which coin or asset Billionaire Elon Musk will shill next after Tesla GameStop and Dogecoin.
Elon Musk’s tweet in the last year has about a spike in the price growth of stocks of Tesla, GameStop, and Dogecoin. However, Musk had tweeted about Dogecoin in previous years too, and that hadn’t made any significant difference.
According to CoinmarketCap Dogecoin surged more than 110% on Friday, hitting a market value of more than $45 Billion, fuelled by the likes of Elon Musk and Mark Cuban. That’s up 18000% from a year ago when it was worth around $250 Million and sold for $0.002.
Silbert’s crypto choice is privacy coins
In a recent interview with Coindesk TV, Silbert expressed his interest in privacy coins and said he’s been following that genre of tokens closely.
He believes privacy will lure investors into the ecosystem, and mentioned Zcash and Horizen’s Zen as two tokens he’s been interested in.
“Thematically, I think privacy is – and is going to become- a more popular investing,”
Zcash is a token with a decentralized blockchain that seeks to provide anonymity for its users and their transactions. It is currently ranked #51 by market cap.
Horizen is a secure interoperable blockchain ecosystem that focuses on ensuring data integrity and privacy freedom. Its native token is Zen which is currently ranked 101 on the market cap chart.