Cryptocurrencies are a global phenomenon, and just like with any global phenomenon, there are people of all kinds who like what they represent and what they stand for. There are dozens of celebrities out there that have endorsed cryptocurrencies, including geniuses like Elon Musk and McAfee (although he is quite a controversial person), and all of them have their own favourite currencies and their favourite tools that they might use on a daily basis, if not for trading for something else. Some of these tools are highly recommended, while others might not be as useful as you would think. Let us see what these tools and currencies are and understand whether they are worth your time and attention and whether you should try to follow your idol’s footsteps.
Nobody – Bitcoin Revolution
One thing that nobody has promoted is the Bitcoin Revolution, even though the tool and its creators seem to have claimed so. Bitcoin Revolution is an automatic trading robot and despite the fact that they are not supported by celebrities, they are seemingly quite valuable.
We just have a hard time understanding why the software creators would go about lying about endorsements. If the product is good let it talk about itself.
Elon Musk – Dogecoin
Elon Musk is an idol for many tech geeks out there, and for good reason too. The man is a visionary and a man who has changed the way we see spaceflight, Mars colonization, technology, electric cars and so much more. He has invested in many technologies that will only get more popular in the future and has produced some of the most fascinating things that have been said about the technological industry. So some might be a little surprised when he says that he supports Dogecoin which is one of the highest market capitalization, lowest value cryptocurrency out there. Yet, we kind of get it. After all, cryptocurrencies are not created to be of value themselves or to be mined but have been made in order to act as currency that can be exchanged for goods and services. And the best crypto for that is that purpose is the crypto that does not have much value for speculation in of itself. A currency that cannot be sold for a lot of money can be used to buy services, simply because people will not see value in keeping it for too long. Dogecoin, while it might fluctuate in value a lot, does not grow in value by too much. Not enough to cause people to make millions off of it. It is relatively steady in how low its value is, which would make it useful as an actual currency for exchanging and buying things. Which is why we kind of understand why Elon Musk, who supports the use of crypto as a future currency, might be so fond of Dogecoin.
McAfee – Freedom coin
McAfee might be a genius, but he is also a very strange person. He has done things in his life that may confuse many people and make it hard for them to understand what he really is doing with his life. And yet one thing can be said – the man understands technology. He, after all, invested one of the most ubiquitous anti-virus pieces of software that have ever existed, and he has also managed to say some things about the industry that make a lot of sense. This is why we cannot help but listen to the mad man when he starts talking about one coin or another. In this case, he was recently found supporting Freedom coin, which is not something many should be surprised about – after all the man loves crypto and everything related. It is entirely possible that all he is trying to achieve with this statement is to create hype in order to benefit from it, after all, he is the founder of the Freedom Coin. You never know and his statement might change soon, but this does not mean that you should not pay attention to the coin.
Giorgi is a news reporter and financial analyst at www.forexnewsnow.com He has 3 years of experience in analyzing the financial markets of Forex and cryptocurrencies. He also likes making hidden jokes in his articles.