Dogecoin Co-Founder Has 3 Ideas To Improve Utility; Elon Musk Says 1 Isn't Needed

On Sunday, Dogecoin DOGE/USD co-founder Billy Markus tweeted out three steps that would add utility to the memecoin.

A wider adoption of DOGE by the business community, making the crypto an option for tips and bridging Dogecoin with Ethereum ETH/USD would all help, according to Markus. Tesla Inc TSLA CEO Elon Musk responded and said that he agreed with two of the suggestions, but the third was not necessary.

Markus replied, telling Musk why he thought an Ethereum-Dogecoin bridge would be helpful.

Also Read: Elon Musk Sighs Heavily As His Tweet To 'Defeat Spam Bots' Gets Reply From Dogecoin Scammer

Dogecoin has been in a slump lately, Benzinga’s recent chart analysis finds the memecoin in a relatively tight range as of late.

Meanwhile, Steve Gregory, the CEO of cryptocurrency and tokenized asset exchange Currency.com, said the firm is seeing a gradual shift from its users holding Bitcoin BTC/USD towards meme coins such as Dogecoin and Shiba Inu SHIB/USD.

Price Action: On Sunday afternoon, Dogecoin was trading at $0.1321, down 2.39% in the past 24 hours, according to Benzinga Pro.