TOSHIFUMI KITAMURA/AFP by way of Getty Photographs
The final couple weeks have been dominated by the story of on-line beginner traders who’ve been swarming across the market in quest of so-called “meme shares” like GameStop and AMC. However a lot of these traders now appear to have additionally set their websites on a meme foreign money. We’re speaking, after all, about Dogecoin! Dogecoin a cryptocurrency actually created as a joke again in 2013.
Not too long ago, Elon Musk — the richest man on earth — took to Twitter and fired off a few Dogecoin jokes. One among them learn: “No highs, no lows, solely Doge.” One other mentioned, “Dogecoin is the folks’s crypto.” Musk’s tweets helped ship Dogecoin’s market capitalization hovering.
In 2013, Jackson Palmer despatched off a random tweet a few new cryptocurrency he had invented, Dogecoin. It was speculated to be only a throwaway joke. However one factor led to a different, and Dogecoin grew to become an actual factor. Jackson tried to maintain Dogecoin gentle and enjoyable, and targeted on the unique mission of studying about cryptocurrency, and giving cash to charity. Issues quickly turned darkish, nevertheless.
This is not the primary time we have talked about cryptocurrencies on The Indicator! Here is an episode wherein we purchased Ethereum CryptoKitties!