🐶"Doge coin". The crazy born history;🇮🇳 Cryptocurrency|Dogecoin|Elanmusk

Dogecoin is a cryptocurrency that started as a joke in 2013. It is a satirical homage to bitcoin, designed to serve no real purpose other than generating a few laughs.

It is named after an internet meme centered around the image of a Shiba Inu dog with bad spelling habits—thus “doge” instead of “dog.”

On Jan 28, Mr. Musk tweeted a faux “Dogue” magazine cover. It isn’t clear why or what caught his attention.
He has since continued to tweet about the cryptocurrency. Once, he shared a meme based on the movie “The Lion King,” with the Shiba Inu dog superimposed on Simba’s face. Another time, he wrote, “Who let the Doge out,” and “No highs, no lows, only Doge.” Perhaps in an effort to be helpful, he also tweeted what he described as an instructional video titled “D is for Dogecoin.”

Mr. Musk renewed his interest in the cryptocurrency in April, tweeting, “Doge Barking at the Moon.” And after SNL aired, he tweeted: “SpaceX launching satellite Doge-1 to the moon next year,” adding “Mission paid for in Doge,” as well as “1st crypto in space.”

His cryptic comments have prompted the cryptocurrency’s popularity to skyrocket, with musicians including rappers Snoop Dogg and Soulja Boy as well as Kiss frontman Gene Simmons, sharing memes and tweets with their followers.

A mainstream consumer brand, Conagra Brands Inc.’s jerky snack Slim Jim, jumped on the dogecoin bandwagon, calling for it on April 13 to “go to the moon.” Other brands have also turned attention to dogecoin, with Mars Inc.’s Snickers brand tweeting “Maybe we should just #DogecoinToTheMoon” on May 3.

Dogecoin has become one of the top four cryptocurrencies by market value, according to Coinmarketcap.com. That puts it behind bitcoin, ether and binance coin.

Even with its fall, dogecoin’s market value of nearly $55 billion still exceeds that of Kraft Heinz Co. and Dollar General Corp.

Fans of dogecoin online are rooting for it to reach $1.