Dogecoin was introduced in December 2013 as a joke meant to satirise other more established tokens like Bitcoin. The token was based on a popular internet meme at the time of a Shiba Inu dog smiling infectiously at the camera. And thus was born the memecoin. A certain entrepreneur by the name of Elon Musk – with a loyal following of his own – put his support behind Dogecoin, posting memes and tweets mentioning the dog-themed token. From the time Musk began tweeting his support of Dogecoin in December, 2020 until May 2021, the value of Dogecoin rose thirty-six-thousand percent. While Musk refrained from mentioning Doge in his opening monologue, it was during the popular segment, Weekend Update, that things would go quickly south for the once rising star of the cryptoverse. It was during this segment that Musk flippantly referred to Dogecoin as…”a hustle”. And in a blink of an eye, Musk went from the Doge Army’s king to their ogre being chased through the village with pitchforks. Dogecoin’s price took a dramatic fall by the time the show had wrapped on the East Coast. Hear the Doge-Musk love story and where is it headed in this video by Kalkine Media.
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