Why do celebrities love the digital currency "Dogecoin"? And why does Elon Musk keep referring to her?

The digital currency “Dogecoin” despite being seen as a joke of cryptocurrencies, is still going on.

And its bid may be related to the amount of interest that many celebrities pay to this coin.

The currency has evolved from a joke, to a digital currency praised by many Internet celebrities.

What is "Dogecoin"?

It is a digital currency bearing the name "Doge", with a logo bearing the image of a cute Japanese Shibu Inu dog.

The digital currency was created and established in 2013 by both the developer:

Australian Jackson Palmer.

American Billy Marcus.

Palmer told a source in 2018:

Digital currency “Dogecoin” has always been like a hobby project, like a side project.

On the rise of the digital currency "Dogecoin", "Palmer" commented by saying:

I made a lot of people rich but I didn't get any money.

Marcus and Palmer left the project in 2015, but the Dogecoin community was hyperactive, as the currency's low price and low transaction costs kept it in the top 40 cryptocurrencies by total market value.

Currently, Elon Musk, the richest man in the world, has become so interested in her, and things are taking an even stranger turn.

Elon Musk poses as CEO of Dogecoin:

“Elon Musk” has been tweeting about “Dogecoin” since at least April 2, 2019, when he shared a satirical article from “The Onion” about Bitcoin price fluctuations.

Dogecoin may differ.

He continued by saying:

Dogecoin might be my favorite cryptocurrency.

It is really cool.

Since then, Musk has tweets increasingly like "Dogecoin" to his followers.

Elon Musk's publications greatly influenced the currency's price.

After one tweet in December 2020, the price of Dogecoin was up 17%.

Earlier, someone offered to pay $ 7,777 for a non-refundable copy of one of Mask’s tweets about “Dogecoin”.

Someone Wants To Pay More Than $ 7000 For An Elon Musk Tweet About The Digital Currency “Dogecoin”

But that was nothing compared to what happened last week, when "Dogecoin" became the latest trend, as it instilled craze among retail traders, at least in part due to Musk publishing a cover photo for "Dogue" magazine.

He didn't comment about it, but the signal was clear.

It is not known and uncertain whether it was Musk’s tweet that sparked WallStreetBets’s appetite for the “DOGE” digital currency.

Where the WallStreetBets crowd crowded around the digital currency "Dogecoin" and a group of famous supporters joined in on the wave of the "Dogecoin" digital currency.

The big increase in the number of celebrities interested in the digital currency “Dogecoin” made the coin's price jump from about 0.01 dollars to more than 0.07 dollars overnight, but the coin failed to reach the set target of $ 1.

The impact of the digital currency “Dogecoin” on celebrities:

The digital currency “Dogecoin” has attracted rap stars, “Yotibers”, famous bodybuilders and actors…

The volume of tweets from prominent fans has increased steadily since last summer, along with Mask's enthusiasm for "Dogecoin".

According to press reports, the American rapper "Lil Yati" said that he plans to invest a third of his fortune in "Dogecoin", and he has gone to this digital currency since early this month.

But “Dogecoin” isn't just about the rap outfit.

The famous guitar player “Gene Simmons” has revealed his interest in purchasing the “Dogecoin” digital currency.

Alison Wonderland also announced that it is a supporter of the digital currency, “Dogecoin”.

And this is just a sample of dozens of celebrities in different fields who all seem interested in the digital currency "Dogecoin".

The wave of widespread adoption of the "Dogecoin" digital currency led by celebrities has contributed to the currency's rise to record levels since July 2020.

Why do celebrities love Dogecoin? And why does Elon Musk keep referring to her?

There are many demands led by many different parties urging the purchase of the currency and the quest to make the digital currency "Dogecoin" reach $ 1.

But according to many analysts, the overall currency supply makes such demands and predictions nearly impossible.

As for Musk’s interest in the digital currency “Dogecoin”, he revealed, through an interview with him in “Clubhouse” last Monday, that he loves the digital currency and loves to joke and joke about it, as he told what it means:

Sometimes I joke about the “dogecoin” digital currency, but it really is meant to be just a joke.

For your information, the digital currency "Dogecoin", as we have indicated, lacks a clear business model and practical goals and does not have a project to follow, but rather a joke that spread and celebrities contributed to increasing the momentum around it.

Mask pointed out about that by saying:

Things always tend to favor sarcasm.

The most interesting result and the most ridiculous result is that “Dogecoin” becomes the currency of the earth in the future.

Will the "Dogecoin" digital currency that was created as a joke and is still so, will be converted into the currency of planet Earth?