Dogecoin hasn't always been a 'fun meme coin'

[Paglamon]

Did you know that Dogecoin used to sponsor a NASCAR driver? Learn some unbelievable stories behind Elon Musk's "favorite" cryptocurrency.

Dogecoin (DOGE) might look like a fun meme coin, particularly as its price has absolutely skyrocketed in 2021.

But behind the innocent Shiba Inu dog cartoon are some horrific stories. Those buying the cryptocurrency due to shilling and jokes from Tesla and SpaceX CEO Elon Musk, most likely have no idea of DOGE's early days.

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[Lukasz]

Whole purpose at that time for doge was for bitcoin not to be all alone out there and have a "buddy" to trade vs also as the technology was in early stages people were experimenting with supply block time etc. thus doge and becoming a "meme coin" doge at that time doge found its market niche

[gotbounty]

For me, Dogecoin is always a meme coin in my view because it is just increasing significantly when there is good news like Elon Musk's tweets. But let's see today, there is no significant increase again after no tweets supporting Dogecoin from Elon musk anymore. Sorry but it is true, right?

[dodok]

If in my opinion Doge is a good and strong coin, the proof is that until now Doge is still there and can compete with other cryptos such as bitcoin and etherum, so Doge cannot be underestimated what else in 2021 the price of Doge skyrocketed to a very significant increase, we  wait what will happen again to doge if doge will skyrocket again ??

[Trumpet]

A few days ago, the price of doge coins skyrocketed due to the support of Elon Musk doge coins.However, for some time now, people have not invested in this platform again. However, the value of this coin has been increasing exponentially for the last few days. The value of this coin has increased a lot in just a few hours. Got it Maybe people are now investing in this platform again.