Elon Musk names his top 3 cryptocurrencies

Elon Musk is a crypto evangelist.

The billionaire is one of the most influential voices in the cryptocurrency market.

An announcement or comment from him regarding a digital currency can radically change the evolution of this asset. For those who follow the crypto market closely, they know that the billionaire is the top backer of the Dogecoin (DOGE) meme coin. If it withdraws its support for the cryptocurrency, DOGE would crash just as fast as its price has soared.

DOGE, which features the image of the dog Shiba Inu as its logo and namesake, is the eighth-largest digital currency by market value, well ahead of cryptocurrencies linked to decentralized finance (DeFi) projects seen as the future of financial services.

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