What Happened: DOGE co-creator Billy Markus said on Twitter Monday that he doesn’t understand “why people still have meltdowns about dogecoin’s origin as a joke.”
Markus said, “something can be a joke and still be useful.”
Musk tweeted in response that “the most entertaining outcome is the most likely.”
The most entertaining outcome is the most likely
— Elon Musk (@elonmusk) January 17, 2022
See Also: How To Buy Dogecoin (DOGE)
Why It Matters: Dogecoin was created as a joke by Markus and Jackson Palmer in 2013.
Even so, the cryptocurrency has seen a phenomenal rise in its price and has attracted the attention of retail investors. In 2021 alone, DOGE rose almost 3000% in value.
Last week, Tesla began accepting Dogecoin on its online store and began displaying pricing of several merchandise items directly in the meme coin.
Price Action: At press time, DOGE traded 2.8% lower at $0.17 over 24 hours.
Photo: Courtesy of Heisenberg Media via Wikimedia