Despite announcing that Tesla had sold 75% of its bitcoin holdings in Q2, CEO Elon Musk disclosed in a quarterly investor call that the company also held Dogecoin and had not sold any of those holdings. Dogecoin trend The Dogecoin community is extremely active, and in the past, raised over $55,000 at the market price at the time to sponsor a Nascar driver, Josh Wise, to run Dogecoin and Reddit paint on the car during a race. Dogecoin news is more popular than ever before due to the involvement from celebrities such as Snoop Dog and Elon Musk, and much more. It also was a part of the Reddit WallStreetBets and TikTok trend where users pumped the coin on Robinhood. Things started to turn south for Dogecoin shortly after Elon Musk gave it his full support. Prices crashed, and then negativity began to surround the meme culture culminating with a person at the Bitcoin Miami conference being detained for screaming “Dogecoin to the moon.”
Dogecoin cash price
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Does dogecoin use blockchain?
New Dogecoin (DOGE) update has this key ‘merit,’ says Elon Musk DOGE Breakdown Currently, as per the Dogecoin chart or Dogecoin price chart (Dogecoin value chart), news such as the support of Dogecoin and the support of various exchange offices can suddenly increase the value of this cryptocurrency.
Dogecoin tracker
Being a memetic currency, Dogecoin has cultivated a strong community and become intertwined with memes and viral internet culture. This uniqueness has brought in a different demographic compared to other cryptocurrencies. Even those who aren't interested in the technicalities of blockchain technology or financial investments can still enjoy and engage with Dogecoin thanks to its memetic nature. The memetic aspect of Dogecoin has also contributed to its widespread adoption as it is often used for tipping and gifting online. Dogecoin (DOGE) price Elon Musk has been a longtime supporter of Dogecoin—even tweeting that Dogecoin is a better option than Bitcoin for transactions. It’s widely believed that his tweets have caused major movements in Dogecoin's price. He is also believed to have a large holding of Dogecoin, with some speculating that he might be the Dogecoin ‘whale’ who owns around 36.7 billion Dogecoin (the equivalent of 28% of DOGE as of May 2021).