Just over a month after delivering sceptical remarks on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk is apparently rooting for major altcoin Dogecoin (DOGE) again.

Already known equally a big fan of DOGE, Musk has made nonetheless another endorsement for the cryptocurrency in a March 3 tweet. While the initial tweet isn't exactly crypto-related but just a shoob meme with caption "Dogs stone," the subsequent tweet — "They take the best coin — conspicuously shows Musk was talking about the Dogecoin.

Musk is a known fan of Dogecoin so far

This is not the showtime fourth dimension when the Tesla CEO has expressed his positive stance to Dogecoin though. In April 2022, Elon Musk tweeted that DOGE "might be" his favorite cryptocurrency, adding that it'south "pretty absurd."

Musk is also known for his collaborative efforts with Dogecoin creator Jackson Palmer in fighting against cryptocurrency scammers on Twitter. The famous engineering science entrepreneur has even been elected on Twitter to become the "CEO" of Dogecoin, leaving behind other candidates such every bit Ethereum (ETH) co-founder Vitalik Buterin and Litecoin (LTC) creator Charlie Lee.

As reported by Cointelegraph, Dogecoin is a blockchain-based peer-to-peer cryptocurrency that was born out of the "doge" meme in accolade of a dog of shiba-inu breed. Launched in 2022, DOGE became a widely-used cryptocurrency, with its popularity reportedly far exceeding expectations of its founder Billy Markus.

Once a regular of the superlative 25 coins list by marketplace capitalization, Dogecoin has slightly edged down to be ranked the 32 biggest cryptocurrency at press fourth dimension, according to Coin360. The altcoin surged nearly 2% over the past 24 hours, trading at $0.002 at press fourth dimension.

Dogecoin 30-day price chart. Source: Coin360

Dogecoin xxx-day price chart. Source: Coin360

Famous tech entrepreneur appears to take reversed his positive stance on Bitcoin lately

Evidently i of the most beloved and influential figures in the crypto industry, Elon Musk has been actively discussing not only Dogecoin, but crypto in general. In March 2022, Musk complimented Bitcoin, claiming that its construction is "quite brilliant," while the coin is "a far better way to transfer value than pieces of paper."

Yet, the Tesla chief might have disappointed some Bitcoin believers with his well-nigh recent remarks. As reported by Cointelegraph, Musk claimed on January. 20 that he is "neither here nor at that place on Bitcoin," calculation that Bitcoin is not his safe word. Particularly, the entrepreneur purportedly questioned the legal condition of Bitcoin, opposing it to cryptocurrency in general by saying "Cryptocurrency is my prophylactic give-and-take."