Dogecoin has been in the news a lot lately. Dogecoin was created as a joke by programmer Billy Markus, and it’s worth $0.0025 each. But recently, doges have been valued at as high as $0.019 each, making them more valuable than Bitcoin and Ethereum!
It was announced last week that Elon Musk and his brother, Kimbal Musk, were planning to enter the cryptocurrency world. The two brothers are taking steps to create a company called “PricewaterhouseCoopers” which will offer their own digital currency in an effort to take on Bitcoin and Ethereum.
Musk is not new to cryptocurrency though; he has previously invested in XRP and ZenCash.
Elon Musk’s entrance into this space could be a good thing for those who want more competition in the market; however, it also raises some concerns about how much power one person can have over such a large industry.
The announcement of this news came only days after the DOGE coin lost 30% of its value
Elon Musk on DogeCoin
Elon Musk has made a name for himself as one of the most innovative minds in Silicon Valley. In addition to his work with Tesla and Space X, he also served as executive producer on Saturday Night Live this past weekend.
Dogecoin is an internet meme that came out back in 2013 that can be both digital currency and a crypto-currency depending on how you view it. It was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia who felt like there needed to be a fun cryptocurrency that could reach more people than Bitcoin or Litecoin. People invest real money into doge coins (or other cryptocurrencies) because they are looking to make some money off of their investment if the price goes up over time
Elon Musk is not only a successful entrepreneur and inventor, but he is also a comedian. Saturday Night Live recently had him on as the guest host, where he explained DogeCoin to the audience. If you missed it, check out this video that explains what happened!
DogeCoin Total Worth
Dogecoin is a cryptocurrency that was created in 2013 as a joke and has since become one of the world’s most popular digital currencies. The coin, which features an image of the Shiba Inu dog from the “Doge” Internet meme as its logo, has a market capitalization of $85 billion USD and is ranked among the top 30 cryptocurrencies worldwide.
Elon Musk giving 500,000,000 Dogecoins to investors
Elon Musk is giving 500,000,000 dogecoins to anyone who sends him a tweet.
This Twitter-based fundraiser is not for the faint of heart. It requires you to send an email to Elon’s assistant and then wait for approval before sending your donation in Dogecoin – but it could be worth it if you are feeling particularly generous. Visit www.snlnews.live to get coins.