If you are wondering what Dogecoin is, let me help you.
Dogecoin is a cryptocurrency launched by software engineers Jackson Palmer and Billy Markus in 2013. It was originally a joke - hard to believe, but it's true - marketed as a “fun” version of Bitcoin.
Dogecoin’s mascot is an image of a dog, Shiba Inu, a popular “Doge” meme.
Little did the founders know that the price of their "internet currency" would pick up so much steam in future.
So, who is behind its popularity?
In April 2019, he even said that Dogecoin might be his favorite cryptocurrency.
He tweeted about Dogecoin at least twice in 2020, where in one of his tweets, Musk said, "One word: Doge."
On January 28, when Dogecoin stock was spiking, he tweeted a fake cover version of Vogue with a cover name "Dogue."