As dogecoin worth trades above 20 cents per doge token after sliding beneath the psychological degree earlier this month, Billionaire Elon Musk shared a meme lately on his twitter deal with, proclaiming how the meme coin is not only a device to generate income however moderately ‘dogecoin is cash.’
The meme options Hollywood actor Keanu Reeves’ one of many dialogues’ of Matrix film. The edited model tweeted by Musk confirmed Reeves asking ”what are you attempting to inform me, that I could make some huge cash with Dogecoin?”. To which the response is “No Neo, Dogecoin is cash,” Musk tweeted. Dogecoin costs surged over 10% to $0.21, as per CoinDesk.
Musk has been answerable for pumping doge costs on a number of events by sharing numerous references and memes referring to the dog-themed cryptocurrency on his social media feed. The self-proclaimed ‘Dogefather’ lately modified his profile image on Twitter to a headshot with Doge reflecting in his sun shades. He’s seen to be carrying mirrored, aviator-style glasses with a Shiba Inu canine mirrored in them.
Dogecoin is a parody cryptocurrency created by software program engineer Billy Markus and Jackson Palmer in 2013. Palmer jokingly coined the phrase “Dogecoin” to himself and took to his Twitter account to submit the now-infamous line, “Investing in Dogecoin, fairly positive it’s the subsequent huge factor.” It instantly sparked curiosity from the meme-fuelled crypto group. Nonetheless, lately the Dogecoin co-creator Jackson Palmer has slammed the cryptocurrency business, calling it ‘inherently right-wing’, ‘hyper-capitalistic’ expertise.
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