The final couple weeks have been dominated by the story of on-line beginner buyers who’ve been swarming across the market in quest of so-called “meme shares” like GameStop and AMC. However lots of these buyers now appear to have additionally set their websites on a meme forex. We’re speaking, in fact, about Dogecoin! Dogecoin a cryptocurrency actually created as a joke again in 2013.
Lately, Elon Musk — the richest man on earth — took to Twitter and fired off a few Dogecoin jokes. One in all them learn: “No highs, no lows, solely Doge.” One other stated, “Dogecoin is the individuals’s crypto.” Musk’s tweets helped ship Dogecoin’s market capitalization hovering.
In 2013, Jackson Palmer despatched off a random tweet a couple of new cryptocurrency he had invented, Dogecoin. It was purported to be only a throwaway joke. However one factor led to a different, and Dogecoin grew to become an actual factor. Jackson tried to maintain Dogecoin gentle and enjoyable, and centered on the unique mission of studying about cryptocurrency, and giving cash to charity. Issues quickly turned darkish, nevertheless.