Tesla CEO Elon Musk considers Dogecoin (DOGE) a highly superior form of payment compared to Bitcoin (BTC) and Shiba Inu (SHIB).
Elon Musk liked a tweet by Billy Markus, the co-founder of Dogecoin, comparing the transaction fees of these three cryptos.
Dogecoin released a new update earlier this week to lower the transaction cost to just 0.01 DOGE per kilobyte.
With this update, DOGE has become cheaper to send than Bitcoin and SHIB.
Last month, Elon Musk announced that he does not own the SHIB token. However, that didn’t stop SHIB from briefly outdoing DOGE.