Even the recent surge of publicity and trading activity has relied on Dogecoin s cheerful image. When Tesla (NASDAQ: TSLA) CEO Elon Musk pumped out a bunch of tweets to promote the currency in early February, he aimed right for the funny bone. Who let the Doge out, mused one Musk tweet. No highs, no lows, only Doge, said another. A third tweet featured a mandrill with Musk s face lifting a baby doge to the sky in an edited
Lion King scene that seemed to ask: Can you feel the love tonight?
And the coin has carried very little actual value for most of its history. Dogecoin prices briefly peeked above $0.01 per token in the crypto boom of 2017-2018 but quickly dove back to fractions of a cent again. At the start of 2021, one Dogecoin token cost just 0.5 cents. The ultra-low prices played into Dogecoin s joke status.
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Is Dogecoin Still a Joke? | The Motley Fool
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