When ‘Dogecoin’ was first created, it was made as a joke but now it is worth over $6 billion after it went viral on social media during last month’s Wall Street take over of GameStop and AMC stock.
‘Dogecoin’ has its set of supporters, which include Elon Musk, who has been the biggest supporter of the currency. In the ad, Elon Musk’s voice is all over it. The video shows Dogecoin in the moon, which goes with Elon’s saying about taking Doge to the moon. It also shows how enthusiastic people are about the currency.
Elon Musk’s flurry of tweets has resulted in an astonishingly fast increase in the price of Dogecoin. It has more than doubled in the past week and at the same time has brought in a lot more attention.