Dogecoin was created as a joke.
A few days back Bitcoin and other digital currencies plunged as a proposed capital gains tax hike from US President Joe Biden led to a wave of selling.
During the early days of Bitcoin in 2012, the American rapper made his music available for purchase using BTC and the list of Bitcoin supporters goes on.
Elon Musk has been sharing funny tweets on Dogecoin over the last one year and each tweet helps to boost the value of Dogecoin.