Dogecoin is among the Top 10 Gainers on BNBChain in the last 24h
It might be because of the biggest supporter behind dogecoin, the tesla owner Elon Musk.During a recent conversation on Twitter Spaces Tesla CEO Elon Musk reaffirmed his support for meme cryptocurrency Dogecoin .When Elon Musk was asked about the famed Bitcoin parody he said “Dogecoin to the moon” . The market is expecting the billionaire to make the most hyped dogecoin part of the twitter platform.
The price of the meme coin, Dogecoin (DOGE), is showing early signs of a potential explosive move after the end of a multi-year downtrend. Investors need to keep an eye on DOGE as it attempts another rally.
What is Dogecoin?
Dogecoin began as something of a joke, or a meme coin, poking fun at the perceived absurdity of cryptocurrency. Launched in 2014 by Jackson Palmer and Billy Markus, no one expected Dogecoin to become a legitimate cryptocurrency at the time of its creation.
Dogecoin is named such because of the viral “doge” meme that was incredibly popular online when Dogecoin was founded. The coin’s logo is the infamous doge image itself. A funny crypto based on a funny meme.