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In 2021, Dogecoin was propelled into the spotlight after Elon Musk started frequently posting about the crypto on social media and even referenced it during his dedicated episode on Saturday Night ...
Dogecoin hit many all-time highs throughout 2021, peaking at $0.7376 in May 2021, which came around the time Musk was the featured guest host of an episode of “Saturday Night Live.”
In January 2021, Dogecoin went up over 800% in 24 hours, reaching $0.07, as a result of attention from Reddit users, partially encouraged by Elon Musk and the GameStop short squeeze. [39] In February 2021, Dogecoin hit a new high price of $0.08 following Twitter encouragement from Musk, Snoop Dogg and Gene Simmons. [40]
Musk tried to support the community by accepting Dogecoin for certain items of merchandise at Tesla near the end of 2021, but it wasn't enough to stop a 92% plunge by mid-2022.
For the year, Dogecoin is up 50%, compared to 60% for Bitcoin. You can thank tech billionaire Elon Musk for that. Once known as "The Dogefather" for his support and promotion of Dogecoin during ...
The one key factor in Dogecoin's favor is the unique relationship that it enjoys with tech billionaire Elon Musk. Ever since 2021, when Elon Musk became known as the "Dogefather," he has been one ...
Elon Musk really likes Dogecoin. ... The coin is currently trading around 10¢—a far cry from the 73¢ it reached in May of 2021 as word spread that Musk would be talking it up on Saturday Night ...
[204] [209] The 2021 book Power Play: Tesla, Elon Musk, and the Bet of the Century contains anecdotes of Musk berating employees. [210] The Wall Street Journal reported that, after Musk insisted on branding his vehicles as "self-driving", he faced criticism from his engineers for putting customer "lives at risk", with some [ quantify ...