Do you know what Tesla’s CEO Elon Musk’s favorite cryptocurrency is? Yes, we are sure you must have it by now, it’s Dogecoin. With so many different cryptocurrencies floating in the market, Dogecoin is undoubtedly taking big strides in the cryptocurrency world. With a little bit of smartness and proper knowledge, you can also invest in this cryptocurrency and reap the benefits. Let us first understand what Dogecoin is.