Dogecoin is making headlines as its stock price tag has skyrocketed since Redditors have rallied guiding it for a earlier few times.
If you are questioning what Dogecoin is, allow me assist you.
Dogecoin is a cryptocurrency released by computer software engineers Jackson Palmer and Billy Markus in 2013. It was originally a joke – hard to imagine, but it is really correct – promoted as a “fun” variation of Bitcoin.
Dogecoin’s mascot is an graphic of a puppy, Shiba Inu, a well-known “Doge” meme.
Minimal did the founders know that the cost of their “world wide web currency” would decide on up so substantially steam in long run.
So, who is powering its popularity?
Properly, a person of a lot of triggers is definitely Tesla (TSLA) – Get Report CEO Elon Musk.
Musk, who has around 44 million Twitter (TWTR) – Get Report followers, has been tweeting about Dogecoin a lot, which is how quite a few individuals could get to know about it.
In April 2019, he even reported that Dogecoin may well be his favored cryptocurrency.
He tweeted about Dogecoin at minimum twice in 2020, wherever in 1 of his tweets, Musk stated, “A person word: Doge.”
On January 28, when Dogecoin stock was spiking, he tweeted a fake address version of Vogue with a protect identify “Dogue.”
View the video above to discover far more about Dogecoin.