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The coin gained widespread attention in 2019, when billionaire Elon Musk declared Doge his “fav cryptocurrency” in a Twitter post. In 2021, one investor who purchased $250,000 worth of the ...
When Elon Musk posts to X, ... He posted artificial intelligence-generated images and memes including the coin's Shiba Inu dog ... CoinMarketCap reported that number rose to $62.8 billion by 10 a ...
But then meme coin mania took off, and it blasted off into the stratosphere. Just a few months later, it hit a new all-time high of $0.74. That's why Musk's newfound support for Dogecoin is so ...
Dogecoin (/ ˈ d oʊ (d) ʒ k ɔɪ n / DOHJ-koyn or DOHZH-koyn, [2] Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. [3]
The coin reached a record high at the time of $60,000 and attracted new investors such as Elon Musk’s Tesla and the country of El Salvador, led by president Nayib Bukele, a Bitcoin enthusiast.
Meme coins have surged in popularity since Elon Musk endorsed the use of Dogecoin, one of the first meme coins. [6] He continued to post tweets about Dogecoin in 2022, including one in January where he stated he would eat a Happy Meal from McDonald's on live TV if they started accepting Dogecoin as payment. [7] The risk of losing money is ...
Elon Musk is quite vocal about cryptocurrencies during events and especially on Twitter. Since he has invested heavily in crypto and is one of the wealthiest people alive, his views seem to drive ...
In November 2021, Coinmarketcap was cited by Vice, The New York Times and some other media for warning users of the "Squid" coin fraud scheme, which falsely claimed to be affiliated with the Squid Game TV show. [1] [7] [8] [9] The website is also a source for crypto exchanges rankings. [10]
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