With more than 47 million Twitter followers, Elon Musk holds a great deal of influence in the world of tech and cryptocurrency, proven by Dogecoin’s meteoric growth in recent weeks. A single tweet from Musk sparked overnight interest in the currency, first released in 2013, and now has investors taking it seriously. The payment system, developed by Billy Markus and Jackson Palmer, reached a market capitalization of $5,382,875,000 in January, and with its value growing rapidly, it’s a genuine Bitcoin alternative.
Dogecoin has enjoyed a truly incredible journey from its humble beginnings back in 2013, and though there’s no guarantee the currency will reach the heady heights of Bitcoin just yet, the phenomenal backing it’s had from celebrities, influencers, and the media no doubt gives it a strong chance of success. A single tweet and a powerful micro-community on Reddit changed the fortunes of this currency overnight – now it’s up to you to decide what’s next.
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