Cryptocurrency: Where the rules are made up and the points don’t matter.
That’s the impression one could reasonably arrive at after what happened to Dogecoin following Elon Musk’s Saturday Night Live appearance, anyway. The Tesla CEO’s hosting gig included a sketch where he joked about the meme-based cryptocurrency being a “hustle” and, predictably, its value on Binance dropped from around $0.65 to a low point of $0.47, per Reuters.
That’s a nearly 30 percent drop for the internet funny money, which has had a huge 2021 thanks in part to Musk’s frequent tweets about it. Dogecoin has been around for years, originally established in 2013 as a parody of Bitcoin. But since nothing is real and we can make any cryptocurrency valuable if we just believe hard enough, Dogecoin has soldiered on through the years before finally becoming a digital currency worth paying attention to in 2021. Read more…
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