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

$DOGE