Is Ethereum the Next Favorite Cryptocurrency of Elon?

Is Ethereum the next crypto favorite of Elon Musk?
Ethereum continues to be the second biggest crypto next to Bitcoin

Is Ethereum the next crypto favorite of one of the richest men in the world and Bitcoin investor Elon Musk? These rumors spread like wildfire in the crypto world after Elon tweeted about Ethereum. Truly, for some reason, we all know that most of Elon’s tweets create an impact in the crypto world.

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Meanwhile, this tweet that Elon posted gathered a lot of opinions across the crypto community. As a result, there were people that agree, some disagree and others that do not mind at all. One of the people that expressed his opinion in the said tweet is crypto analyst Lark Davis, posting:

On the other hand, Ethereum continues to be the second biggest crypto next to Bitcoin in terms of market cap. For this reason, the market capitalization of Ethereum amounts to over $300 billion. Moreover, this huge market cap of the crypto has a 24-hour trading volume of almost $33 billion. As a result, the crypto presently rallies its price between the support level of $2200 and the resistance level of $2800.

In another report, Dogecoin, one of the favorite cryptocurrencies of Elon is now listed in Coinbase Pro exchange. Specifically, Coinbase Pro opened its doors to DOGE deposits on June 1. Furthermore, the exchange enabled traders to deposit their DOGE crypto ahead of its trading time on June 3, 9 AM Pacific Time (PT).