WHAT HAPPENED IN APRIL WHEN ELON MUSK TWEETED ABOUT DOGECOIN?
Dogecoin, a cryptocurrency basically primarily based on a meme, surged in worth in mid-April, and received a lift from Tesla CEO Elon Musk when the tech founder tweeted a gif of the canine featured within the meme.
Musk, 49, tweeted a gif of a Shiba Inu canine — the “face” of the cryptocurrency — inflicting its worth to spike additional. Up to now, the SpaceX founder has posted about Dogecoin and its worth elevated.
The digital “cash” began as an web parody greater than seven years in the past, in keeping with CNN, however has since develop into a legit digital foreign money.
Jackson Palmer, an Australian marketer, made a joke about combining cryptocurrency and the Doge meme in 2013, however that joke has taken on a lifetime of its personal: its market cap is now over $17 billion.
Dogecoin is just a digital coin with an image of canine on it, in keeping with CNET. That canine is the topic of an web meme of a Shibe with an “inside monologue” that includes phrases like “so scare,” “a lot noble,” and “wow.”