In a recent tweet, Tesla CEO Elon Musk again referred to his favorite Dogecoin in the DOJO context, named after the Tesla supercomputer.
Musk Pumps Up DOGE Again
Elon Musk stated DOGE to be his favorite cryptocurrency. He seldom tweets about it from time to time. On Feb. 22, Musk backed the meme-based cryptocurrency again by tweeting Dojo 4 Doge.
Musk’s recent tweet on DOGE resulted in the cryptocurrency price jump up from 0.0544 to 0.0597, while Bitcoin’s response to the tweet has been mild.
Musk has been continuously tweeting about the meme-based cryptocurrency for a while, leading to an all-time-high $0.065448, up about 35% from its 24-hour low of $0.048356 during early February.
The cryptocurrency’s price later dropped again before climbing back to almost a 25% gain. The Shiba Inu-themed digital coin had then surpassed 8 cents for the first time, just a week after crashing to 2.5 cents.
Even though DOGE appears to be Musk’s favorite coin, tweeting on it from time to time, it is still not clear whether he owns any of these coins.
The Dojo is Tesla’s Supercomputer
The Dojo is a Tesla supercomputer named after a traditional Japanese martial arts school. Musk-backed Tesla’s hardware team is developing a neural network (NN) dubbed Dojo, to increase the learning speed of neural networks at the server-side.
Elon Musk first mentioned the Dojo in April 2019. Since then, neither Tesla nor Musk had said anything about it.
Tesla’s Dojo supercomputer is part of the electric car manufacturing’s company’s eventual plan to allow cars to drive themselves using only a camera and radar.
Dojo also has a role in the company’s plans to create a fleet of robotaxis. Previously, Musk had signaled that Dojo V1.0 would be released in about a year.
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