The past few weeks have been dominated by stories of online amateur investors flocking to the market looking for so-called “stock memes” such as GameStop and AMC. But many of these investors now appear to have also set their sites on meme currency. We are talking, of course, about Dogecoin! Dogecoin, a cryptocurrency, was literally made a joke in 2013.
Recently, Elon Musk – the richest man in the world – took to Twitter and cracked some Dogecoin jokes. One of them read: “No high, no lowest, only doge.” Another said, “Dogecoin is people’s crypto.” Musk’s Tweet helped make Dogecoin’s market cap soar.
In 2013, Jackson Palmer sent random tweets about the new cryptocurrency he was creating, Dogecoin. It should be just a one-time joke. But one thing led to another, and Dogecoin became real. Jackson tries to keep Dogecoin light and fun, and focuses on the original mission of learning about cryptocurrency, and giving money to charity. However, things soon turned dark.
This isn’t the first time we’ve talked about cryptocurrency on The Indicator! This is the episode where we bought Ethereum CryptoKitties!