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June 22, 2021
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How a lot did Elon Musk spend money on Dogecoin? Why does Elon Musk like Dogecoin? The place can I purchase Dogecoin?

Tech mogul Elon Musk is one among Dogecoin’s largest followers and frequently tweets concerning the cryptocurrency, which persistently spikes its worth.

The cryptocurrency, which was initially created as a parody, most up-to-date spike inside the previous week was 95.76%, in response to actual time knowledge tracked by CoinMarketCap (Observe: market capitalization is continually altering). One Dogecoin is presently value $0.63, in comparison with $0.5 simply final month.

Now, the Tesla CEO has made his “Saturday Night time Reside” debut, inflicting Dogecoin merchants to host watch events for the “market-moving occasion,” in response to a report by Bloomberg. Musk has additionally branded himself to be “The Dogefather” on Twitter.

Right here’s all the things it’s worthwhile to learn about Musk’s connection to Dogecoin:

How a lot did Elon Musk spend money on Dogecoin?

It’s unclear how a lot Musk has invested in Dogecoin.

Why does Elon Musk like Dogecoin?

Musk is a fan of the cryptocurrency as a result of “he likes jokes,” and he’s “a enjoyable man, and he likes memes, and “doge” is the right goal for it,” in response to Spencer Bogart, a normal companion at Blockchain Capital, in an interview with Bloomberg.

The place can I purchase Dogecoin?

You should buy Dogecoin from Binance and Kraken. Presently, Coinbase doesn’t help Dogecoin, however you possibly can add it to you cryptocurrency wishlist. When you join Coinbase, you’ll additionally obtain $5 value of Bitcoin without cost when you confirm your ID. If you wish to educate your self on cryptocurrency prior to buying, you possibly can at all times enroll in a web-based course. The next platforms provide programs: Coursera; LinkedIn Studying and Udemy.

Dogecoin was created in 2013 by Adobe worker Jackson Palmer and software program engineer Billy Markus, in response to a report by CoinDesk. It’s a play on the favored web meme of a Japanese Shiba Inu branded as “doge.” Its non-serious vibe induced it to develop into successful and entice an enormous following.

Should you’re thinking about investing in different cryptocurrencies similar to Bitcoin, Ethereum, Tether and Litecoin, listed here are some choices to get you began.

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Nicolette Accardi may be reached at naccardi@njadvancemedia.com. Comply with her on Twitter: @N_Accardi. Discover NJ.com on Fb. Have a tip? Inform us. nj.com/ideas

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