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What is happening? While we are still figuring out the freakish GameStop stock rise, the short squeeze mania around Reddit-fueled stocks has extended to the cryptocurrency world. DOGE, which was started as a joke in 2013, is now the 10th most valuable cryptocurrency by market value, just behind the Bitcoin Cash and ahead of BNB. The price of Doge soared, and reportedly, over 12 million USD worth of Doge was traded in the past 24 hours. It is unbelievable to netizens! As the price soared, so did the Dogecoin funny memes and jokes. The reactions on Dogecoin’s increase in value in just a day are hilarious AF and everywhere on Twitter.
The world saw the power of the Reddit community, which caused the GameStop stock to take off. The video game retailer’s stock surged to an all-time high of nearly 373 USD on January 27. And now, it is the Doge meme! Dogecoin was created in 2013 based on the popular ‘doge’ meme, which involved a Shiba Inu dog. The logo of dogecoin is Shiba Inu. It was started as a joke, but eventually found a community. Its resurgence in the last few days has been down to enthusiasm from reportedly a Reddit group called SatoshiStreetBets.
According to reports, the price of Doge rose to an all-time high of $0,082 per Messari, before settling down to $0.073, up 822% in 24 hours. It certainly captured the imagination of the crypto pack and beyond. Tesla CEO Elon Musk tweeted a picture of Vogue magazine cover, which featured a 'Dogue.' Users on Twitter and Reddit took that to mean that he was throwing his support behind the doge rally.
Here's Elon Musk's Tweet:
— Elon Musk (@elonmusk) January 28, 2021
People are going crazy! Hilarious Dogecoin funny memes and jokes are all over the social media, and you must take a look.
Check Dogecoin Funny Memes
Yesterday: “Why you putting so much into #dogecoin it’s a literal meme”
My friends now: pic.twitter.com/gFgykpTfE0
— Stephen A. Smith Burner (@SASBurnerAcct) January 29, 2021
Who Else?
Me checking my #dogecoin every five minutes pic.twitter.com/DVY7ocVrNE
— Alexander Hernandez (@zander_herndz96) January 29, 2021
True That!
Me: This morning investing in #dogecoin at $.02 vs Me: 10 hours later holding strong at $.07 pic.twitter.com/ydeXZIYInl
— Mateo (@The_Parselmouth) January 29, 2021
MORE!!
Me watching the #Dogecoin chart continuing to rise. pic.twitter.com/lINU0ZPtCw
— Osama Bin Ballin (@CRek6) January 29, 2021
Hahaha
Me after my $100 in #dogecoin pic.twitter.com/5Q1Das2tc1
— Avalon Putney (@AvalonPutney) January 29, 2021
Did You?
Raise your hand if you made money today on #dogecoin pic.twitter.com/mE9853ga5F
— Amundred (@amundred1) January 29, 2021
LOL
If #dogecoin hits $1, I'm telling my kids this was Neil Armstrong. pic.twitter.com/CCjTmxaYvk
— . (@oscarr_13) January 29, 2021
Mars is Calling
#dogecoin coiling so hard right now. Get ready for our flight to MARS BABY! pic.twitter.com/61ewgfLyxd
— Pacha (@PachaStocks) January 29, 2021
So Accurate!
Me checking every 5 minutes #dogecoin pic.twitter.com/WiP6Z815p9
— Marlique (@MarliquePierreL) January 29, 2021
Doge
Using this to buy my lunch tomorrow #dogecoin pic.twitter.com/elgnUm8i31
— Jerrod Scott (@_jerrod_scott_) January 29, 2021
Stonks and Doge
We are going to break the Stock Market! #dogecoin #ToTheMoon 🚀🚀🚀📈📈📈 pic.twitter.com/hy5jQQPdHp
— Doge Coin Investor 🚀📈 (@TheDogeInvestor) January 29, 2021
Hopes Are High!
Me in 2 weeks after I sell #dogecoin at $2 a coin pic.twitter.com/L6Ci0NSvzM
— Finlay Mason (@finlay_mason) January 29, 2021
To the Moon
What a wild day... Raised from 1 cent to 7 cent.... TO THE MOON #dogecoin pic.twitter.com/D02PAANJsn
— Chibi Reviews (@ChibiReviews) January 29, 2021
Loving It?
Me looking at my phone all day #dogecoin pic.twitter.com/R9xLcgBST1
— DOGE CHAIRMAN (@TheSickWorld) January 29, 2021
ROFL
#dogecoin today you’ve made me more than I’ve ever made working 🥺🙏🏼 pic.twitter.com/LVS71Lm4dC
— Jen💰 (@JenessaOfficial) January 29, 2021
The coin never received as much love as its rivals in the crypto-verse. But users on Reddit forum ensured it set off by promoting the cryptocurrency in an attempt to replicate the astonishing gains for GameStop and other highly shorted stocks.
(The above story first appeared on LatestLY on Jan 29, 2021 11:15 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
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