The Rise of Dogecoin and Its Impact on Creating Millionaires
In 2013, former Adobe engineer Jackson Palmer and programmer Billy
Marcus did something crazy at the time - they issued a meme-based token
with a cute Shiba Inu dog logo and named it "Dogecoin". In general,
created on the basis of the open source code Litecoin and as it turned
out later available to a wide audience, the cryptocurrency was something
bizarre and obviously was not expected to attract such attention of the
crypto community.
Did Dogecoin make millionaires? The answer is yes, however it did not
happen immediately. Indeed the coin attracted the attention of many at
the very beginning, but at that time everyone took it only as a joke and
no one had any thoughts of buying the token. But in 2019, American
engineer and entrepreneur Ilon Musk began to actively publish posts on
his Twitter account that were related to the DOGE project. The tweets
ranged from "One word: Doge" to joking statements that he wanted to buy
DOGE for his dog.
These tweets and Musk's active support of the token, sparked a new
wave of interest in the project among the crypto community and Ilon's
subscribers. A few months later, the price of the new cryptocurrency
rose to record numbers and served to create Dogecoin millionaires in the
future
