However, Dogecoin’s price declined nearly 22 per cent during the early US hours on Sunday after Musk, the self-proclaimed ‘Dogefather’, replied that it is a ‘hustle’ during the show.
“It was created in 2013 and has a circulating supply of 117 billion coins, of which 113 billion have already been mined,” he replied again as the audience laughed at Che’s same question again: “So, what is Dogecoin.” “It’s the future of currency.
“I keep telling you, it’s the cryptocurrency you can trade for conventional money,” Musk smiled.
Named after a meme of the Japanese dog breed Shiba Inu and started as a satirical alternative to Bitcoin’s craze, Dogecoin is already the fourth-largest cryptocurrency as per CoinMarketCap.
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