Once again dogecoin is in the eyes of Elon Musk. Elon Musk, the Telsa billionaire who raised Dogecoin, has once again weighed in on the meme-based cryptocurrency. While he was suggesting that Dogecoin fees need to be reviewed for a reduction before it can become a viable payment option.
But first, he may have a handling fee that he thinks is the winning planet. If all goes well, you can use meme-cryptocurrency to buy movie tickets. Dogecoin started as a joke. However, in 2021, the joke has changed those who did not take meme cryptocurrency seriously.
Meme-cryptocurrency Elon Musk will not stop tweeting for the first time in mid-April, crossing 10 cents. Ir was all about Elon Musk Put the meme coin to the pinnacle of its position.
DogeCoin’s market cap- which sat out as a joke and is literally classified as a “meme coin“- is currently over $74.13 billion.
This is the highest ever for a cryptocurrency, and is the result of a semi-oppressive movement involving thousands of buyers, tens of thousands of online posters, and the world’s richest man, Elon Musk. In early January, the value of each token was less than one percent.
At the end of January, when both Game Stop and DogeCoin reached their peak. The price of DogeCoin reached 7.5 percent, up more than 10 percent before falling to 2.5 cents.
“While announcing the Robin Hood wallet, AMC CEOs are not only talking about accepting Dogecoin but also saying in it’s a tweet,” said Shibotoshi Nakamoto, co-creator of Dogecoin. What it has ever done is the crypto market is finally seeing something green. I have to say. “
Musk replied, “It’s important to reduce Dodge fees so that things like buying tickets can be implemented.”
Elon Musk, CEO of Tesla, boss of SpaceX, and Dodge Coin Advocate, said in a recent interview: “There is a good chance that cryptocurrency is the currency of the future of the world.
Dogecoin a fiction to non-fiction story
Then the question is which will be the victory? It could be more than one, “he said. He then further added to explain how Dodge Coin was invented as a joke, primarily to ridicule cryptocurrency, and that’s ironic. The real currency. “
Tesla CEO and SpaceX boss Elon Musk appear to have a side job on Twitter for cryptocurrency prices. The billionaire who continued to support the late-night bitcoin and meme currency dodge coin on Thursday night.
Retweet on meme-based cryptocurrency. This is not the first time Musk has done this or the second or third time. Whenever Musk mentions cryptocurrency. The price of cryptocurrency rises (often after a final decline). Internet sleuths don’t have much to do with this trend, they even call it: “The Smile Effect.“
Dogecoin started as a joke, and it remained a joke for almost seven years. Until 2021, when meme and cryptocurrency lovers decided to rally behind meme cryptocurrency, with an increase in game stops.
The price of the cryptocurrency jumped several times, first reaching ten cents, then thirty, and finally, on April 20, it was to reach 69 cents – the highest ever. There were cohesive groups that could only be described as a brave attempt to manipulate the value of the cryptocurrency.
But it failed. As of 8:00 a.m. on April 21, the value of the cryptocurrency had declined by–17.25% in 24 hours. The price is currently around $0.31, and even the market cap has dropped from $50 billion to $40 billion.
What is Dogecoin?
Dogecoin, like bitcoin, is a digital coin used for e-transactions. Dodge refers to the ‘Dodge’ meme and has a picture of Shiba Inu on it.
It is a cryptocurrency, a form of digital money that, like a bitcoin, enables peer-to-peer transactions in a decentralized network.
Since its inception, Dodge has also been used to fund charities. They include the 2014 Jamaican Bobsled team that failed to include the Sochi Winter Olympics, a NASCAR driver named Josh Wise, and a clean water project called Dodge 4Water in Kenya.
At the height of Meme’s popularity in 2013, Palmer, an Australian marketer, made a joke by combining two of the most hotly debated topics on the Internet: Cryptocurrency and dodge. He bought the Dogecoin.com domain and uploaded a photo-shopped image to a coin.
|24h Low / 24h High||$0.1945 /$0.2119|
|Volume / Market Cap||0.05205|
|Fully Diluted Market Cap||$25,892,181,422.805.42%|
Dogecoin’s peak price in 2018 was about two cents before it collapsed with the rest of the cryptocurrency. Reports show that by early 2019, Dojiquin had lost about 90% of its value and was trading for a fraction of a penny by 2021.
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