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Tesla Stock Trading

DOGECOIN

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Our experts are closely watching Dogecoin and other important Cryptocurrencies

Key Points  

- Dogecoin was created December 6, 2013, by a pair of software engineers as a joke

- Billy Markus, an IBM programmer from Portland, Oregon, set to differentiate his crypto from bitcoin

- Elon Musk is the loudest and most prominent supporter of dogecoin

- Musk tweeted "Doge Barking at the moon" and shared a photo of DOGECOIN

Could DOGECOIN become the next BITCOIN?

1. Dogecoin is the hottest, quirkiest cryptocurrency on the planet. The total value of the dogecoins in circulation is nearly $50 billion — not bad for a digital currency that started as a joke. It is the No. 5 most-valuable cryptocurrency on the market, according to CoinMarketCap, having increased more than 6,000% this year.

Elon Musk tweets and favours DOGECOIN

Dogecoin market price

2. The price of a dogecoin doubled again Friday, April 16, 2021 after Tesla (TSLA) CEO Elon Musk tweeted about it for the umpteenth time (more on that in a bit). Demand for Dogecoin spiked so much this week, it briefly broke Robinhood's cryptocurrency trading system.

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