What happened when ELON MUSK talked about Dogecoin on Twitter in April?

Dogecoin is a cryptocurrency that is basically based on memes. The price soared in mid-April. When Tesla CEO Elon Musk tweeted the gif of the dog in the meme, it got Boost.

Musk, 49, tweeted a Shiba Inu’s gif-the “face” of cryptocurrency-causing its value to soar further. In the past, SpaceX founders have posted posts about Dogecoin, and its value has increased.

According to CNN, virtual “money” started as an Internet imitation seven years ago, but later became a legal digital currency.

Australian marketer Jackson Palmer made a joke about combining cryptocurrency and Doge meme in 2013, but the joke has a life of its own: its market value now exceeds $17 billion.

According to CNET, Dogecoin is just a digital coin with a picture of a dog on it. This dog is the subject of Shibe’s internet meme, with an “inner monologue” that includes phrases such as “so scared”, “noble” and “wow”.