Posted 12/5/2023, 6:23:42 PM
Dogecoin's Wild Ride: From Satirical Joke to Musk-Fueled All-Time Highs
- Launched in 2013 as a joke/satire of Bitcoin by Jackson Palmer and Billy Markus
- Gained popularity in 2021 thanks to social media hype and Elon Musk's promotion
- Hit an all-time high price of $0.7376 in May 2021 around the time Musk hosted SNL
- More companies began accepting DOGE as payment in 2021 like AMC and the Dallas Mavericks
- Future potential catalysts include integration with Twitter after Musk's acquisition and getting more retailers to accept DOGE