Dogecoin is not just a joke cryptocurrency now

Dogecoin has been spiking since the day Elon Musk made it famous. From less than a cent as on 27th Jan to 47 cents this morning is no more a joke coin. Moon dogecoin or as referred Dogecoin to the moon is getting real.

Doge’s market cap just hit $51 billion so that means dogecoin predictions are coming true. The currency is based on an au-courant-as-of-2013 meme of a Shiba Inu, and was intended to satirize bitcoin. Well, kids, the joke’s over. It’s now a top-10 cryptocurrency.

Well this year has been a weird year for finance, a lot of things happened this year. Gamestonk lead to the growth of Gamestop and AMC has also been increasing.

Last night, Musk — a shitposter with a hobby of being CEO of Tesla and SpaceX — tweeted “Doge Barking at the Moon.” For those of you fortunate enough to have avoided internet-related brainworms: a bunch of people probably thought this was a reference to a phrase used by internet traders, “to the moon.” Musk, who is known for coming to memes late, has called dogecoin his favorite cryptocurrency. In February, he called it “The People’s Crypto.”