Today, let's talk about the development history of Dogecoin $DOGE .

I believe everyone knows that the big player behind Dogecoin is Elon Musk, who has made Dogecoin what it is today.

I personally estimate that Musk holds at least 90% of the circulating market value of Dogecoin. Currently, Dogecoin's circulating market value is 57.828 billion, which means Musk holds at least 45 billion dollars, no less. In other words, if Dogecoin rises by 10 times, Musk could have a market value of 450 billion dollars in Dogecoin.

Before New Year's Day 2021, Dogecoin was a cryptocurrency that no one had ever paid attention to, with technology that was not quite mature, and it can be said that there were no supply cap algorithms limiting it. At that time, the price was between 0.001 and 0.002, and it had remained at this price for a long time. During this process, Musk accumulated a large amount of Dogecoin. When someone sold, he bought; when someone sold, he bought. By New Year's Day 2021, Musk launched the market-making plan for Dogecoin, promoting it on all his social media platforms, continuously posting about Dogecoin, saying that the currency he might use on Mars in the future could be Dogecoin. At that time, the universal currency on Earth was the US dollar, and he wanted to use Dogecoin on Mars. So, if you bought Dogecoin today, aren't you doing great!

So starting from January 1st, he began to pump it up, raising it to around May 2021, where Dogecoin climbed to 0.7 dollars. A large number of followers rushed in, because Musk's influence had already become very significant in 2021, not as big as today, but still considerable. Tesla and SpaceX were already established, and SpaceX's big rocket had started recovery. Therefore, everyone felt that the dream of Mars was not just a dream, and a large number of people rushed into Dogecoin. Then Musk distributed a lot of chips and sold off, and everyone could understand from the candlestick chart that after years of oscillation at the lower bounds, a recovery has appeared today.