Dogecoin was spotted at Tesla's Giga Texas grand opening party. The muzzle of the dog, which is the symbol of DOGE, became part of the drone light show during the event.
The Tesla community once again welcomed DOGE, this time during a celebration at Giga Texas. The fates of these two are becoming more and more intertwined, and cryptocurrency is increasingly becoming a prominent part of the company. In mid-January, Tesla announced that it began accepting Dogecoin as payment for the company's products. Some items in the Tesla Store have become available for purchase with this cryptocurrency.
Now the cute DOGE was spotted at Cyber Rodeo. During the amazing drone light show, the drones shaped the familiar muzzle of a dog, among other mind-boggling figures. The Tesla community cheered for the DOGE, shouting loudly with joy. In addition, the image of the Cyber DOGE was broadcasted by projector against the background of the Cyber Rodeo logo on one of the walls.
Tesla CEO Elon Musk is a longtime supporter of DOGE. He believes that the meme coin is the best option for fast transactions. Musk explained that BTC is the main engine in the crypto market, but the volume of transactions is small and their cost is high. BTC can function as a store of value at its basic level, but is not suitable for daily use and the purchase of various goods.
Meanwhile, DOGE, which was originally created as a joke, is better suited for transactions. The transaction flow of the coin is higher than BTC as it can process more transactions per day. Musk agreed that DOGE is slightly inflationary but argued that its inflationary number is fixed, and the percentage is not. With this theory, he believes the percentage of inflation decreases over time, encouraging people to spend DOGE instead of hoarding it as a store of value.
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