DOGE, which is strongly supported by Musk, has gone from a funny thing to a legendary myth.
Meme coins can easily increase your assets by hundreds, thousands, or even tens of thousands of times! This is all due to the hype on social media, the incitement of emotions, and the crazy forwarding of everyone.
Dogecoin is the ancestor of meme coins and a well-known existence. Its two founders, Billy Marcus and Jackson Palmer, were just joking at the beginning, wanting to imitate the whole fun of Bitcoin, and never thought it would become so popular. As a result, everyone liked it, and Dogecoin became inexplicably popular.
The price of Dogecoin is like a rocket to the sky, which has a lot to do with Elon Musk, the boss of Tesla. As long as Musk mentions Dogecoin on social media, the price will immediately jump up. As soon as he said "Dogecoin is the people's cryptocurrency", the price of Dogecoin was like being ignited, soaring up. At that time, it was so cool to make money from DOGE, and the myth of getting rich overnight was born.
Musk posted a magazine cover, tweeted to show his support, or posted a picture of Dogecoin on an alien planet or a dog barking at the moon, and the price of Dogecoin soared up like chicken blood. At the highest point, the price of Dogecoin reached $0.73.
Later, Tesla said that Dogecoin could be used to buy things, and SpaceX also said that it would accept Dogecoin payments. After Musk acquired Twitter, Dogecoin rose again. Even when the little blue bird icon on Twitter was replaced with the Dogecoin avatar, Dogecoin could rise by more than 30%. To put it bluntly, Musk is definitely the number one contributor to the surge in Dogecoin. But whether it can continue to be popular in the future depends on whether everyone supports it and whether Musk is willing to support it.
Are you still worried about not being able to find a coin that can increase a hundred times? Reply 1, I will take you to eat big meat! It is not a problem to increase it by a hundred times!
