Dogecoin, if you haven’t heard of this fabled cryptocurrency, you’ve been living under a rock. I haven’t been able to leave my house or check my phone without hearing about people’s experiences with Dogecoin. After hearing about people’s gains after they invested in Dogecoin, these stories naturally piqued my interest. I turned towards Twitter to help answer my questions about this crypto and hopefully answer yours. Let’s dive into this week’s social media round-up.

My first question is: How and when did Dogecoin begin? A quick google search later, and I found that two software engineers created dogecoin intending to make crypto that they could use amongst friends. It was mostly a joke, so when choosing the look of the actual coin, they went with the doge meme (as pictured below.)

original doge photo

So, What’s all the fuss about? For starters, according to Robinhood, Dogecoin’s value has increased by 116,000 % in the past five years, and the illustrious Elon Musk, creator of Tesla, vouches for it.

Recently “the people” decided to make April 20th Dogeday, and it was even trending on Twitter. This day began to push up Dogecoin’s value while celebrating its recent high of $0.42. I guess all the weed smokers and meme-coin brokers are having a ball.

With the recent launch of Nasa’s SpaceX, thanks to Elon Musk’s rocket company, Dogecoin supporters are praying that Elon will do the same for the coin since there has been a recent drop in its value. #DogeCoinToTheMoon is the hashtag you’ll see floating around supporting this call to action.

The DogeArmy calls on big companies to accept Dogecoin as a real currency and tweet about it to reach $1. One of these big companies is Amazon; a petition is going around that needs 1,000,000 signatures tagged with #Doge4Amazon.

Sign the petition, or don’t: either way, Dogecoin is making a name for itself. Are you planning on investing in Dogecoin or other cryptos? Let me know on social; I’d love to hear from you! Don’t forget to go check out my most recent article about stimulus checks.